'G7 ready to take action to secure energy market'

 The Group of Seven (G7) said in a joint statement on Monday that it stands ready to take "all necessary measures" in coordination with partners, including to "preserve the stability and security of the energy market." The G7's energy and finance ministers and central bank governors held a virtual meeting earlier today to discuss the Middle East crisis.

The ministers reaffirmed the "importance of secure and uninterrupted trade flows, including the safety of navigation and the protection of critical maritime routes and infrastructure, as essential to global economic stability and energy security." Meanwhile, the central bank governors committed to maintaining price stability and ensuring the "continued resilience" of the financial system, while closely monitoring developments on the commodity markets and their impact on inflation, inflation expectations, and economic activity.

https://breakingthenews.net/Article/G7-ready-to-take-action-to-secure-energy-market/65978709