Paris: The finance and energy ministers of the G7 group have affirmed their commitment to taking “all necessary measures” to maintain the stability of the energy market. This pledge comes as part of their strategy to counteract the economic impacts resulting from the ongoing conflict in the Middle East.
According to Qatar News Agency, the ministers issued a joint statement following a video conference, emphasizing their readiness to collaborate closely with international partners to secure energy market stability. They highlighted the critical need for coordinated international action to mitigate the repercussions on macroeconomic stability.
The statement also noted the G7’s ongoing efforts to monitor unfolding developments and assess their potential effects on global growth and financial market conditions. The ministers urged all nations to avoid implementing unjustified restrictions on the export of hydrocarbons and related products.
France, which has led the group since January, is part of the G7, alongside Germany, Canada, the United States, Italy, Japan, and the United Kingdom. The G7 plays a significant role in shaping policy discussions among the world’s wealthiest countries.