Macron to host G7 leaders call on Iran crisis, energy prices

French President Emmanuel Macron is set to convene a virtual meeting of G7 leaders to discuss the escalating crisis in Iran and its implications for global energy prices. The urgency of this dialogue arises amid significant fluctuations in oil prices, which recently surged to nearly four-year highs before experiencing an abrupt decline of 11% on March 10. The instability in Iran, a key player in the oil market, has raised concerns among G7 nations about the potential impact on energy security and economic stability worldwide. The discussions aim to formulate a coordinated response to the crisis while addressing the volatility in energy markets. This comes at a time when many countries are grappling with rising energy costs, further exacerbated by geopolitical tensions. The G7 leaders' summit represents a critical opportunity for collaboration among major economies to stabilize the situation and assure energy supply amidst growing uncertainties.