UK finance minister urges G7 trade unity during Iran war

Rachel Reeves will urge G7 members on Monday to avoid trade barriers during the Iran war. She warns that unilateral moves could harm global energy security.

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The Finance Minister of the United Kingdom, Rachel Reeves, is prepared to issue a stern warning to her G7 counterparts regarding the dangers of unilateral trade actions during the ongoing conflict in Iran. In a scheduled meeting involving finance and energy ministers as well as central bank governors, Reeves will argue that new trade barriers could severely compromise global energy security and economic stability.

British Chancellor Rachel Reeves delivers an economic update regarding the Middle East at the House of Commons in London, March 2026. House of Commons/Handout via REUTERS
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