G7 Leaders Address Escalating Israel-Iran Conflict Amid Energy Concerns

The G7 summit held in Kananaskis, Canada, focused heavily on the escalating conflict between Israel and Iran, with leaders urging a resolution and emphasizing vigilance over potential impacts on international energy markets. They affirmed Israel's right to self-defense and reiterated the importance of civilian protection while labeling Iran as the principal source of regional instability and terror, warning against Iran acquiring nuclear weapons. U.S. President Donald Trump cut his visit short to address the rising tensions in the Middle East but underscored the need for immediate talks between Israel and Iran to de-escalate the situation. Despite ongoing strikes, oil infrastructure remains largely unaffected, though concerns persist over regional stability and oil supply, with the International Energy Agency revising down its global oil demand forecast. The summit also highlighted broader geopolitical tensions, including trade issues and the unresolved wars in Ukraine and Gaza, complicating the leaders' ability to reach consensus. The G7 leaders expressed hope that resolving the Israel-Iran crisis could lead to broader de-escalation of hostilities in the Middle East, including a ceasefire in Gaza.