Rome, Italy – Italian Prime Minister Giorgia Meloni confirmed on Wednesday that G7 leaders will maintain close contact in the coming weeks to address the Gulf crisis and ensure the stability of global energy markets. They will also continue to monitor the repercussions of a war with Iran on the international economy.
Speaking at a meeting in Rome, Meloni said the G7 emphasized the importance of preventing current market volatility from having structural effects on economic growth. She also stressed the need to prevent Iran from acquiring nuclear weapons in addition to its missile capabilities.
The Italian Prime Minister welcomed the International Energy Agency’s decision to release up to 400 million barrels of oil reserves to support market stability, without disclosing Italy’s contribution to this measure.
She explained that the G7 is closely monitoring developments in the Middle East to ensure continued energy supplies and prevent the crisis from impacting global economic growth. She also affirmed the member states’ commitment to ongoing coordination and consultation in the coming period.
This statement comes amidst continued tensions in the region and their impact on oil prices and global markets. Investors are closely watching the economic and political repercussions of a potential war with Iran.
