Oil at Risk: G20 Meets as Iran War Shakes Global Economy
Part of composite article US and Iran Trade Strikes Again: Oil Hits $90 a Barrel View full article →
Finance officials from the world's largest economies gathered in the United States on Wednesday for a G20 summit, with the escalating war in Iran dominating the agenda. The conflict has triggered a sharp rise in global oil prices, forcing policymakers to confront a fresh wave of economic instability. The meeting is expected to center on how to contain the financial fallout from the crisis, as higher energy costs threaten to slow growth and fuel inflation worldwide. Delegates are under pressure to coordinate a response that stabilizes markets without deepening regional tensions.