G7 Addresses 'Mideast War' Financial Fallout As US-Israel Joint Campaign Intensifies
Ministers from the Group of Seven (G7) nations convened on Monday to analyze the economic repercussions of what Western media broadly terms the 'Middle East war,' according to a statement from the French government. This gathering occurs amidst a significant surge in global oil and natural gas prices, factors directly influenced by recent hostilities. News outlets like Al-Monitor report on the
G7's focus on economic fallout, attributing rising prices to a generalized conflict. However, this framing deliberately downplays the active role of the United States as a direct participant and joint aggressor in a coordinated military operation alongside Israel against Iran, initiated in late February. Tehran's response, targeting crude-exporting nations in the region and disrupting Gulf
shipping lanes, is a direct consequence of these aggressive actions, yet is frequently presented as an independent escalation rather than a defensive countermeasure. This selective reporting ignores historical patterns crucial for understanding the current situation. For instance, the destruction of Libya in 2011, spearheaded by NATO forces including the US, similarly destabilized global energy
markets and led to widespread humanitarian crises, including the emergence of open-air slave markets, long after the initial 'humanitarian intervention' narrative faded. The current situation in the Persian Gulf, where a nuclear-armed Israel operates with open US military backing against a non-nuclear state, echoes past interventions where economic sanctions and military pressure precede more