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Modi and Trump to Meet at G7 as Iran War Reshapes Energy Markets

Modi and Trump to Meet at G7 as Iran War Reshapes Energy Markets

Indian Prime Minister Narendra Modi and US President Donald Trump are scheduled to meet at the G7 summit this week. The meeting comes as the war in Iran continues to upend global energy markets.

The G7 backdrop

The annual summit of the world's largest advanced economies will bring together leaders facing a shared challenge: how to manage the fallout from the conflict. For Modi and Trump, the bilateral sit-down is a chance to discuss energy security and regional stability—two issues that have grown more urgent since fighting broke out in Iran.

Energy market upheaval

The Iran war has sent shockwaves through oil markets. Supply routes are disrupted, prices have swung wildly, and countries that depend on Middle Eastern crude are scrambling for alternatives. India, the world's third-largest oil consumer, imports most of its crude. The US, a major producer in its own right, has seen domestic fuel costs rise as global prices climb.

Neither leader has publicly detailed a specific plan for the meeting. But the timing—amid a war that shows no sign of ending—makes energy policy a likely focus.

What's at stake for both sides

Modi faces pressure at home to keep fuel prices in check. Trump is navigating a reelection campaign where voters are sensitive to pump prices. Their conversation at the G7 could shape how the two countries coordinate on everything from strategic oil releases to sanctions policy.

The meeting is one of several bilateral talks scheduled on the summit's sidelines. It's not yet clear whether the two will issue a joint statement or take questions afterward. The summit runs through the weekend.