G7 Warns Iran War Economic Catastrophe, Limited Sway

The G7 foreign ministers have warned that the U.S.-Israel war on Iran is inflicting a global economic catastrophe. The conflict has damaged energy infrastructure, with 30-40% of Gulf refining capacity and 17% of gas production affected, and the Strait of Hormuz closure disrupting supplies. Diplomatic efforts are stalled, as the U.S. reports indirect talks while Iran demands control over the strait and rejects direct negotiations. The U.S. is escalating militarily with troop deployments, and Iran warns of potential attacks. G7 members, particularly European ones, feel excluded from U.S. decision-making and have limited influence. President Trump's criticism of allies further hampers G7 cohesion on the issue.