G7 Leaders Meet in France With Wars and Trade Topping the Agenda

Leaders of the Group of Seven (G7) wealthiest economies gathered in France for a summit dominated by the wars in Iran and Ukraine and by the state of the global economy, Deutsche Welle reported. The broadcaster reported that the United States arrived promising peace in Iran, while fellow leaders expressed cautious optimism about whether that promise would hold.

The summit opened just as the US-Iran framework was announced. French President Emmanuel Macron, the host, congratulated President Trump and called the memorandum of understanding "a very important step for peace," France 24 reported. The leaders of Britain, France, Germany, Italy and Canada issued a joint statement welcoming the agreement as a "moment of opportunity to restore regional stability and stabilize the global economy." The Hindu reported that Indian Prime Minister Narendra Modi, Pakistani Prime Minister Shehbaz Sharif and other leaders also welcomed the deal, with Pakistan calling it a historic step toward peace.

The optimism is tempered by unresolved frictions among the participants themselves. Washington's threat to tax French exports over a digital levy, and continued disagreement over support for Ukraine, are also on the agenda alongside the Middle East. The gathering is meant to project unity, but the agenda reflects a group managing several crises at once rather than setting a single course.

For the global economy, the central question is whether coordinated diplomacy can stabilize energy and trade after a period of repeated shocks. The presence of leaders from outside the bloc, and the prominence of mediation by states such as Pakistan, also signals a wider distribution of diplomatic influence than the format traditionally implies.