G7 nations have pledged to take "necessary measures" to support global energy supplies amidst soaring oil prices triggered by the US-Israel conflict with Iran. A meeting of G7 finance ministers and the International Energy Agency (IEA) concluded without an immediate agreement to release strategic crude reserves.

• Oil prices surged to nearly $120 a barrel over fears of supply disruptions.
• G7 nations and the IEA discussed releasing emergency oil stocks, which total over 1.2 billion barrels.
• The UK's Chancellor Rachel Reeves called for "immediate de-escalation" in the Middle East to ensure security for ships in the region.