economy
March 30, 2026
G7 leaders ready for all measures to stabilize energy market
Finance and energy ministers and central bank governors of G7 countries announced today that they are ready to take "all necessary measures" to preserve the stability of the energy market and mitigate the economic consequences of recent volatility, in light of disruptions caused by the US-Israeli war against Iran.
TL;DR
- G7 finance and energy ministers and central bank governors are prepared to take necessary measures to stabilize the energy market.
- They aim to mitigate economic consequences of recent volatility, particularly due to disruptions from the US-Israeli war against Iran.
- The G7 countries will coordinate closely to ensure energy supply stability and security.
- Support for continuous energy deliveries and consideration of IEA demand management options are highlighted.
- A call was made for nations to refrain from unjustified export restrictions on oil, gas, and related products.
- Japan's Finance Minister warned of increased probability of oil price hikes impacting markets and economic growth.
- G7 central banks remain committed to price stability and data-driven monetary policy amidst expected inflation rise.