G7 leaders hold videoconference on Iran war and energy situation

The leaders will, among other things, discuss economic coordination, "a key issue for an effective response to the situation," according to the French presidency.

The country's president, Emmanuel Macron, is chairing the meeting, which begins at 1:00 p.m. local time in Sweden.

At a G7 meeting on Tuesday, the G7 countries opened the taps to strategic oil reserves.