G7 faces mounting debt pressure as Iran war sparks market jitters

G7 finance ministers and central bank governors meet in Paris to address rising debt costs and recession risk from the Iran conflict, with oil inventory draws and higher borrowing costs fueling volatility. Putin and Xi prepare a Beijing meeting as the White House touts U.S.–China deals; Asia-Pacific markets slide overall, though Korea’s Kospi rebounds amid volatility. Ryanair expects to operate a full summer schedule as fuel issues ease after a 40% rise in annual profit, and Brookings reports a record number of Americans leaving the U.S. in 2025.