G7 Draft Urges Israel-Iran Deescalation & Market Stability

The Group of Seven (G7) is reportedly working on a draft joint statement that calls for the deescalation of the escalating conflict between Israel and Iran. Two sources, alongside a draft seen by Reuters, suggest that the document aims to address growing international concerns.

Despite the urgency of the situation, U.S. President Donald Trump has not yet signed off on the draft. The document reportedly emphasizes the importance of safeguarding market stability, including energy markets, amid the tensions in the Middle East, and maintains Israel's right to defend itself.

The White House has not immediately responded to requests for comment on the matter, leaving questions about the U.S. position and its potential influence on the G7's unified stance.

(With inputs from agencies.)