June 12, 2026
Government debt, borrowing costs have surged in recent years
The broad consensus among the grouping has frayed since Donald Trump’s return to the US presidency in 2025
IEA members keep at least 90 days of oil imports in stock
France's G7 presidency this year will focus on securing supplies of rare earths
Aside from Japan, G7 members remain heavily dependent on critical minerals from China, which has threatened to impose strict export controls
Experts say the “C5” aligns with Trump’s non-ideological approach to global power
Trump has already imposed an extra 25 percent tariff on Indian imports to pressure Delhi to halt its purchases of discounted Russian crude oil
Trump says more bank and oil sanctions, along with tariffs, could pressure Russia
