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The Latest Breaking News from G7

Trump Reportedly Told G7 Leaders That Iran Is 'About To Surrender' Even As Its Leadership Vows To Fight On

President Donald Trump told G7 leaders on Wednesday that Iran is "about to surrender," even as its leadership vows to fight on and released a letter attributed to the new supreme leader supporting that path.

Latin Times · Mar 13

'About to surrender': Trump makes big claim on Iran, says US 'got rid of a cancer threatening us all'

US President Trump claimed that Iran is "about to surrender" during a G7 call earlier this week, while describing Iran regime as removing a "cancer." Amidst escalating regional strikes, Iran reportedly targeted the USS Abraham Lincoln, though the US denied the incident. CENTCOM confirmed the carrier strike group's ongoing support…

The Times of India · Mar 13

Scoop: Trump claimed in G7 call that Iran is "about to surrender"

24 hours later, Iran's new supreme leader vowed to keep fighting.

Axios · Mar 13

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As Europe imports no Iranian oil, how does the conflict in Iran impact trade?

Tensions in the Middle East have threatened to drive up inflation and energy costs despite the EU having little direct trade with Tehran.

Euronews · Mar 13

Fossil fuel giants are ‘cashing in’ on the Iran war. Is it time for a tax on windfall profits?

As Europeans brace for higher oil and gas prices, G7 nations are being urged to tax fossil fuel giants profiting from the war on Iran.

Euronews · Mar 13

Antibiotics need coordinated G7 investment

Letter: Grace Hampson on ways to address the worryingly thin pipeline of new effective drugs

The Guardian - UK · Mar 12

Iran strikes neutralise record IEA reserves release as oil tops $100

Oil spiked above $100 a barrel on Thursday following fresh Iranian attacks on Omani oil storage facilities, reversing any downward pressure from the IEA's record release of 400mn barrels announced the previous day.

Euronews · Mar 12

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Iran escalation risks 'stagflation shock' for Europe, Commissioner Dombrovskis tells Euronews

EU economy chief says intensity and duration of the Iran war will define fallout of the crisis on Europe as global coalition agrees to the biggest release of oil reserves in history to stabilise energy market.

Euronews · Mar 12

Trump's Iran war whiplash clouds U.S. endgame

"We don't want to leave early, do we? We gotta finish the job, right?"

Axios · Mar 12

Newsletter: Oil prices spiral despite historic reserve release

Also in this newsletter: European Commissioner for the Economy Valdis Dombrovskis tells Europe Today that a prolonged and escalating war in the Middle East could mean a 'stagflationary shock' for Europe.

Euronews · Mar 12

Largest ever oil reserves released as Iran war fuels price rises

The Middle East conflict has seen oil prices surge as the flow of oil tankers has effectively stopped

The Independent UK · Mar 12

Australian Petrol Prices Set To Skyrocket After Strikes In Strait Of Hormuz

Australians are being warned to brace for higher petrol prices as attacks on ships in the Strait of Hormuz choke global oil supplies.

Pedestrian.tv · Mar 11

France's Macron opposed to lifting sanctions against Russia

French President Emmanuel Macron also said he had "no confirmation" Iran was laying sea mines in the Strait of Hormuz.

Euronews · Mar 11

France backs emergency release of oil reserves as supply fears grow

France, which holds the G7 presidency, said Wednesday that major economies were ready to act to stabilise oil markets as the US-Israeli war with Iran enters its second week and disrupts supply.

Radio France Internationale · Mar 11

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Barchart · Mar 11

Dollar Mildly Higher as T-note Yield Rises

The dollar index (DXY00 ) is up +0.17% on support from today's +4.7 bp rise in the 10-year T-note yield, which supported the dollar's interest rate differentials. Also, today's +4% rally in WTI crude oil prices is hawkish for Fed policy and supportive of the dollar. Today's US CPI report...

The Independent UK · Mar 11

Largest-ever emergency oil release approved to address Iran war crisis and global supply fears

It’s a larger stock than the 182.7 million barrels that were released in 2022 in response to Russia’s full-scale invasion of Ukraine

Euronews · Mar 11

IEA approves largest-ever oil reserve release of 400m barrels amid Iran crisis

The 32-member International Energy Agency has unanimously agreed to release 400 million oil barrels from its global strategic reserves in an attempt to prevent supply disruptions and ease market fears caused by Iran war shortages.

The Independent UK · Mar 11

Rachel Reeves admits Middle East conflict ‘certainly not good’ for economy

The Chancellor indicated the government could intervene on energy costs if the conflict spiralled

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Evening Standard · Mar 11

Trade disruption from Iran war ‘not good for the British economy’, Reeves says

The Chancellor called for rapid de-escalation of the conflict to protect the UK economy.

The Guardian - UK · Mar 11

IEA orders largest ever release of stockpiled oil to reduce crude price

Members agree unanimously to release about 400m barrels amid market volatility caused by Iran war

Euronews · Mar 11

Energy Commissioner teases 'more measures' as prices soar on Iran war

EU energy chief says the executive can do more to abate prices while calling on member states to cut taxes on electricity immediately. Oil and gas prices have soared as a result of the war in Iran and its retaliation on the Gulf countries, halting the flow of energy along…

Barchart · Mar 10

Stocks End Slightly Lower as T-note Yields Rise

The S&P 500 Index ($SPX ) (SPY ) on Tuesday fell -0.21%, the Dow Jones Industrial Average ($DOWI ) (DIA ) fell -0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) fell -0.04%. March E-mini S&P futures (ESH26 ) fell -0.11%, and March E-mini Nasdaq futures (NQH26 ) rose...

Barchart · Mar 10

Dollar Closes Little Changed as Oil Prices Plunge

The dollar index (DXY00 ) on Tuesday spent most of the day on the downside, then recovered a bit in the afternoon, ending little changed. The dollar came under downward pressure from Tuesday's nearly -12% plunge in oil prices, which was dovish for Fed policy. However, the dollar had underlying...

We Got This Covered · Mar 10

$120 oil had markets terrified, but Trump’s two-sentence response flipped everything on its head

A much welcome development.

The Guardian - UK · Mar 10

How are EU and member states reacting to energy crisis triggered by Iran war?

Prospect of Trump easing US sanctions on Russian oil is a nightmare for the bloc as nations work out how to respond

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