WORLD / CROSS-BORDERS
G7 calls for deeper assessment of Mideast impact on energy markets
Published: Mar 31, 2026 10:06 AM
The Group of Seven (G7) on Monday called on international organizations to deepen their assessment of how the evolving situation in the Middle East could affect energy markets.

Secure and uninterrupted trade flows, including safe navigation and protection of critical maritime routes and infrastructure, are essential to global economic stability and energy security, the bloc said in a statement after an online meeting of G7 finance ministers, energy ministers, and central bank governors.

The bloc urged the International Monetary Fund, the World Bank Group, and the Organization for Economic Cooperation and Development (OECD) to further assess energy market developments and their implications, including for developing countries.

Separately, France's central bank on Wednesday lowered its 2026 economic growth forecast to 0.9 percent, down from a 1.0 percent estimate issued in December 2025.

In addition, global economic growth is projected to ease to 2.9 percent in 2026 from 3.3 percent in 2025, the OECD said in its latest Economic Outlook on Thursday, adding that the evolving conflict in the Middle East will test the global economy's resilience.