The squeeze on supply has pushed oil and gas prices ever higher, with drastic knock-on effects for supply chains in countless industries

The squeeze on supply has pushed oil and gas prices ever higher, with drastic knock-on effects for supply chains in countless industries

Ministers from the G7 will hold talks on Monday to unpack the economic consequences of the war in the Middle East, the French government said, as oil and gas prices continue to soar.

The United States and Israel launched strikes on Iran in late February and Tehran has hit back by targeting crude-exporting countries in the region and halting shipments through the Gulf.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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