France to Convene G7 Finance Ministers Over Middle East Crisis

France has announced plans to host a meeting of G7 finance ministers and central bank governors to deliberate on the escalating crisis in the Middle East and its impact on global markets.

Speaking on Wednesday, France’s Economy and Finance Minister, Roland Lescure, said discussions had already taken place with key counterparts, including US Treasury Secretary Scott Bessent, with both sides agreeing to convene the meeting early next week.

According to Lescure, the decision to delay the session slightly was to allow time to monitor developments in the conflict and assess how financial markets respond. He noted that the meeting would include finance ministers and central bank governors from member states.

France currently holds the rotating presidency of the Group of Seven (G7), which comprises Canada, Germany, Italy, Japan, United Kingdom, United States and France. A previous meeting of finance ministers under the French presidency was held on January 27.

The Middle East conflict has triggered sharp declines in stock markets, particularly across Europe and Asia, raising concerns about broader economic fallout.

Lescure explained that the upcoming session would primarily serve as an exchange of views, with participants listening to feedback from businesses and economists across affected regions.

He emphasised the importance of coordination, noting that while the conflict remains regional, its economic repercussions are being felt globally. The meeting, he said, would provide an opportunity to assess the evolving situation and consider any necessary collective response.