G-7 Says Ready to Take Measures For Energy Market Stability

The Group of Seven said it is ready to take further measures to steady the energy market and its central banks are committed to maintaining broader price stability.

The statement came after finance and energy ministers along with heads of monetary authorities and representatives of the International Energy Agency convened a video call on Tuesday to discuss the economic and financial shock from the Iran war.

“We stand ready to take all necessary measures in close coordination with our partners, including to preserve the stability and security of the energy market,” the G-7 said in a communique.