G7 to Discuss Ukraine and Iran Conflicts, Says EU's Dombrovskis

EU official Dombrovskis indicated that the G7 discussions will address the ongoing conflicts in Ukraine and Iran. This highlights the geopolitical risk premium in energy markets, particularly affecting oil prices due to potential supply disruptions from Iran and the implications of the Ukraine war on European energy security. Markets most exposed include oil and gas stocks, as well as currencies of nations reliant on energy exports. Traders will be particularly focused on any outcomes from the G7 meeting that could signal shifts in sanctions or military support, which could further influence market sentiment and asset prices.

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