G7 leaders will hold a video conference on Wednesday to discuss the economic consequences of the war in the Middle East, particularly the "energy situation", the French presidency said."This will be the first discussion on these issue between G7 members. Economic coordination is a key issue for an effective and useful response to the situation," the Elysee said. The meeting will start at 1400 GMT.
President Emmanuel Macron will chair the meeting, as France holds the G7 presidency this year.
Macron has already spoken this week about the possibility of G7 countries using their emergency oil reserves to counter any extreme rise in oil prices caused by the war that started on February 28.
Prices had risen to almost $120 a barrel on Monday before falling back below $90 on Tuesday after US President Donald Trump said the war was nearly finished. Talks between G7 energy ministers also reassured markets.
