G7 says ready to take all measures for energy market stability

By Reuters 30 March 2026, 5:57 pm

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From Left: Ukraine's Foreign Minister Andriy Sybiga, EU High Representative and Vice-President for Foreign Affairs and Security Policy Kaja Kallas, Britain's Foreign Secretary Yvette Cooper, Saudi Arabia's Foreign Minister Faisal bin Farhan, Germany's Foreign Minister Johann Wadephul, Italy's Foreign Minister Antonio Tajani, Canada's Foreign Minister Anita Anand, France's Foreign Affairs Minister Jean-Noel Barrot, South Korea's Foreign Minister Cho Hyun, India's Foreign Minister Subrahmanyam Jaishankar, Japan's Foreign Minister Toshimitsu Motegi, Brazil's Foreign Minister Mauro Vieira and and US Secretary of State Marco Rubio pose for a family picture during a G7 Foreign Ministers' meeting at the Vaux-de-Cernay Abbey in Cernay-la-Ville outside Paris, France, March 27, 2026. (Brendan Smialowski/Pool Photo via AP)

Finance leaders from the Group of Seven economic powers say they stand ready to take “all necessary measures” to safeguard energy market stability and limit broader economic spillovers from recent volatility amid the Iran war.

After an online meeting of finance ministers and central bankers, the G7 also calls in a statement on countries “to refrain from imposing unjustified export restrictions on hydrocarbons and related products.”

The statement adds that G7 central banks remain strongly committed to maintaining price stability, with monetary policy staying data‑dependent.