G7 leaders meeting in France discuss how the war involving Iran affects global economic conditions, with officials citing rising inflation and higher oil prices. Several outlets report that oil prices have increased sharply—around 30%—and that this cost pressure is contributing to weaker growth prospects. The G7 is also navigating other economic and political strains, including fallout from U.S. tariffs and disputes related to NATO and Greenland. Ahead of the Wednesday discussions, leaders have already criticized President Donald Trump’s handling of the Iran-related conflict, particularly his administration’s decision not to consult other partners before the United States and Israel launched the war in late February. While they have warned that the slowdown could follow from the conflict, sources indicate that leaders are unlikely to single out Trump directly during the meeting in France. Instead, the agenda focuses on the broader economic outlook and shared risks, reflecting that the G7’s internal differences and multiple concurrent disputes may limit the scope of any direct confrontation.