French President Emmanuel Macron announced plans to convene a G7 energy summit in the coming weeks, citing soaring fuel prices linked to the U.S.-Iran war. The summit aims to enhance cooperation and explore the release of strategic reserves amid fluctuating oil prices, with Brent crude hovering around $104 a barrel.

North Carolina farmer Matt Bell, 52, faces severe financial strain as diesel prices soar to nearly double last year’s rates, impacting his operation. Amid rising costs for fuel, fertiliser, and supplies attributed to tariffs and global conflicts, he warns many farmers may abandon their businesses post-harvest.