G7 agrees to keep sanctions on Russia despite war on Iran, Macron says

G7 leaders have agreed to maintain sanctions against Russia despite the current turmoil in the Middle East and its impact on global energy markets, French President Emmanuel Macron said on Wednesday. Speaking after a call with G7 leaders, Macron said the US-Israeli war with Iran and its consequences for oil prices did not justify easing the measures against Moscow.

Macron also said the International Energy Agency’s decision to release 400 million barrels of oil from global reserves (the largest such move in its history) would account for 14.5 million barrels from France.