G7 ministers address financial fallout from Middle East war
With energy markets jolted and anxiety spreading through the global economy, G7 finance ministers and central bank chiefs met today to confront the fallout from the war in the Middle East.
The crisis escalated after the United States and Israel launched strikes on Iran in late February. Tehran responded by targeting crude-exporting states across the region and stopping most shipments moving through the Gulf.
That blow to supply has driven oil and natural gas prices sharply upward, sending disruptive aftershocks through…