Thank you @EmmanuelMacron for organising a call with G7 partners to discuss a coordinated response to the concerning situation in Iran and the Middle East.
We are focused on minimising the impact on security and the global energy market.
@eucopresident and I recalled that the immediate priority is to keep energy flows moving, especially navigation through the Strait of Hormuz - critical for the global economy. Enforcing the oil price cap will help stabilise markets and limit Russia’s revenues. This is not the moment to relax sanctions on Russia.
We both welcomed today’s decision by the IEA to make 400 million barrels of emergency reserve oil available to ease tensions in global energy supply.
We agreed to work closely with partners in the region to prevent broadening of the conflict and restore stability.