Critical Eurogroup and G7 Meetings on Iran Crisis

Eurozone finance ministers are meeting in Brussels, chaired by Kyriakos Pierrakakis, while the G7 will convene via teleconference. The crisis in Iran and its impact on the global economy are central to discussions.

The rise in Brent crude to $118 a barrel, due to disruptions in the Strait of Hormuz, raises concerns about European countries' budgets. Ministers will consider measures to address a potential energy crisis.

The Eurogroup will assess the impact of the crisis in the Persian Gulf and discuss possible measures at national and European levels.