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G7 meets over Iran war’s economic fallout | Midday Report

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G7 CONFRONTS ENERGY CRISIS:
G7 finance ministers are meeting to respond to the fallout from the Iran war, focusing on stabilizing energy markets, easing price pressures, and preventing a broader global energy crisis.

OIL TOPS $115, GOVERNMENTS RESPOND:
Oil prices have surged past $115 a barrel amid the Middle East conflict, prompting Poland and other Central and Eastern European countries to introduce measures to curb rising fuel costs.

MONTH INTO WAR, CONFLICT SPREADS ACROSS MIDDLE EAST:
A month into the U.S.-Israeli war on Iran, the conflict is spreading across the region, with strikes hitting Iran, Israel, and Lebanon, and attacks reported across multiple Gulf countries, causing casualties and infrastructure damage.

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