[Banff (Alberta, Canada), June 15 – Reuters] — As tensions in the Middle East escalate and Russia's invasion of Ukraine continues, the G7 Summit will open on the 16th in Kananaskis, western Canada.
Canadian Prime Minister Carney, chair of this year's summit, plans to address not only geopolitical stability but also economic issues such as strengthening the supply chain for critical minerals, job creation, and the transition to a low-carbon economy.
Following Israel's airstrike on Iran's nuclear facilities, reciprocal retaliation continues with rising casualties, drawing concern from the international community.
According to summit insiders, a joint statement is expected to be adopted urging Iran to ease its stance.
German Chancellor Merz stated, "Our main goal is to prevent Iran from developing nuclear weapons, protect Israel's right to self-defense, and create space for diplomatic resolution."
He emphasized that "this will be the most important topic at the G7 Summit."
The G7 also plans to address supply chain issues, particularly securing essential rare earths and lithium vital for EVs and renewable energy industries.
How the G7 responds will have major implications for global order. Coordinated messages from leaders could reshape international diplomacy and economic stability.
For more on how geopolitical risks impact the financial markets, visit our official blog below:
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*This article is for informational purposes only and does not constitute investment advice. All investment decisions are your own responsibility.
The G7 Summit opens in Canada as leaders address key global issues including Middle East tensions, the Ukraine war, and critical mineral supply.
Their unity amid geopolitical and economic challenges may shape the future of the international order.
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