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The Economic Times
The Economic Times
National

Iran's actions risk 'global economic instability', says G7; warns West Asia conflict may escalate

Iran's actions risk undermining international trade and creating global economic instability, the G7 said, warning that its support for Yemen's Houthis could further exacerbate the conflict in West Asia and threaten regional and global energy security.

In a statement, the G7 said, "Iran's reprehensible actions constitute a dangerous pattern of escalation, risks further exacerbating the conflict" and that "Iran's actions risk undermining international trade, creating global economic instability."

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