G7
US Secretary of State Marco Rubio, visiting Paris for a G7 meeting, clarified the White House’s strategy toward Iran and urged European allies to help reopen the Strait of Ormuz.
Reported by AI
G7 nations are preparing for a joint release of oil reserves amid escalating strife in the Middle East. If carried out, it would be the first such move in about four years since Russia's invasion of Ukraine in 2022.
The Organisation for Economic Co-operation and Development (OECD) has forecasted that the United Kingdom will experience the highest inflation rate among G7 nations in 2025, projecting a 2.7% rise amid global economic slowdowns. This prediction comes as part of the OECD's latest interim economic outlook, highlighting persistent inflationary pressures in the UK despite broader trends of declining growth worldwide. The report underscores potential challenges for the UK's economic recovery and policy decisions ahead.