G7 Leaders Hold Emergency Talks as Iran Conflict Disrupts Global Economy

G7 leaders have convened emergency discussions to address the growing economic instability and energy supply shocks caused by the ongoing conflict involving Iran. The talks come as the prolonged closure of the Strait of Hormuz and repeated strikes on energy infrastructure threaten to drive global inflation significantly higher. Geopolitical tensions have further escalated following reports of drones entering Finnish airspace and Ukrainian strikes on Baltic ports, indicating a widening of the conflict zone. World leaders are now seeking collective measures to stabilize financial markets and ensure the continuity of energy supplies amidst these severe disruptions. While G7 intervention typically signals potential coordinated actions like strategic reserve releases, the underlying geopolitical risks remain a major factor for energy price volatility. Investors are closely monitoring the situation as safe-haven assets like XAU/USD and oil benchmarks face heightened sensitivity to further escalations.