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G-7 Ministers to Address Rising Oil Prices Amid Middle East Conflict

3/30/2026

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Summary

Story summary

On March 30, G-7 ministers will discuss rising oil and natural gas prices from the Middle East conflict.
The United States and Israel struck Iran, prompting Tehran to target crude-exporting nations and halt shipments.
French Finance Minister Roland Lescure said the meeting will address differing responses to the crisis, especially in Asia.
The G-7 seeks to coordinate efforts to restore free passage through the Strait of Hormuz amid tensions.

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Story summary

On March 30, G-7 ministers will discuss rising oil and natural gas prices from the Middle East conflict.
The United States and Israel struck Iran, prompting Tehran to target crude-exporting nations and halt shipments.
French Finance Minister Roland Lescure said the meeting will address differing responses to the crisis, especially in Asia.
The G-7 seeks to coordinate efforts to restore free passage through the Strait of Hormuz amid tensions.