Middle East crisis live: Trump claims Iran attack ‘on hold’ due to request from Gulf allies

The US president said he called off a planned attack on Iran on Tuesday so that peace talks could continue

Full report: Trump claims planned attack on Iran postponed after Tehran makes new proposal to end war

G7 finance ministers are looking at ways to contain the economic fallout resulting from the war in Iran, which has sent global energy prices soaring and slowed down growth.

Finance ministers and central bank governors from G7 countries met in Paris for a second day of talks to discuss responses to the fallout amid continued volatility on global bond markets. Along with rising energy prices, policymakers are also expected to discuss sanctions policy and how to limit the economic impact the effective closure of the strait of Hormuz is having on poorer, import-reliant countries.
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