The United States opened G20 energy meetings in Houston, Texas, promoting energy abundance as the ongoing war with Iran continues to severely disrupt global fuel markets, France24 reports.
Why it matters: The conflict has sent global energy prices soaring, directly threatening major economies and driving up domestic fuel costs for consumers worldwide.
- Oil and gas prices have surged significantly following the outbreak of the U.S.-Iran war, France24.
- U.S. diesel prices have climbed to $6.20 per gallon, France24.
- U.S. gasoline prices have increased by 44 percent compared to pre-war levels, France24.
Driving the news: Delegations from major global economies gathered in Houston to address the mounting energy crisis, France24.
- Representatives from China, India, Japan, Germany, Canada, Saudi Arabia, and Russia attended the summit, France24.
- The ongoing military conflict began after U.S. and Israeli attacks on Iran on 28 February 2026, France24.
- Regional diplomatic talks in Oman regarding the Strait of Hormuz were postponed in the interests of consensus, The Hindu.