Klingbeil is due to travel to Paris for a meeting of G7 finance ministers and central bank governors scheduled for Monday and Tuesday, where the Iran conflict and its economic implications are expected to feature prominently on the agenda.

“The G7 is the right place to discuss how we can help bring about a lasting end to the war in Iran,” Klingbeil said in remarks released before the meeting. He added that Germany and its European partners remained committed to cooperation, open trade and rules-based international partnerships.

The minister said recent geopolitical and economic shocks had reinforced the need for Germany and Europe to strengthen resilience in critical sectors including raw materials, energy supplies and industrial supply chains.

The conflict has heightened concerns over shipping through the Strait of Hormuz, one of the world’s most strategically important oil transit routes. Any prolonged disruption could affect global energy markets and trade flows.

Klingbeil also said finance ministers from Brazil, India, South Korea and Kenya would participate in discussions in Paris as part of a broader effort to deepen international economic partnerships beyond the G7 bloc.

He said Germany would continue supporting Ukraine despite mounting tensions in the Middle East and would not allow the Iran crisis to divert attention from Russia’s war in Ukraine.

Klingbeil is expected to sign a double taxation agreement with Ukrainian Finance Minister Sergii Marchenko during the Paris meetings, a step he said would strengthen economic cooperation and provide greater legal certainty for businesses operating between the two countries.

Authorities in Abu Dhabi said emergency teams responded to a fire in an electrical generator located outside the inner perimeter of the Barakah facility in the Al Dhafra Region following the drone strike.

The IAEA said it was closely monitoring developments and remained in continuous contact with UAE authorities, adding that it stood ready to provide assistance if required.

The Federal Authority for Nuclear Regulation said radiological safety levels were unaffected and confirmed the plant’s critical systems continued operating normally.

“No injuries were reported, and there was no impact on radiological safety,” the Abu Dhabi Media Office said in a statement, adding that all operational units at the facility remained functional.

Authorities urged the public to rely on official information sources and avoid circulating unverified reports related to the incident.

The Barakah plant, located west of Abu Dhabi near the Saudi border, is the Arab world’s first operational nuclear power facility and plays a central role in the UAE’s strategy to diversify energy sources and reduce carbon emissions.

The incident comes amid heightened regional tensions and increased concerns over the vulnerability of critical energy and infrastructure facilities to drone and missile attacks across the Gulf region.

Neither UAE authorities nor the IAEA immediately identified those responsible for the drone strike.

Modi’s six-day visit starts in the United Arab Emirates before continuing to the Netherlands, Sweden, Norway and Italy, with New Delhi seeking to secure energy supplies and deepen economic ties with Europe following the India-European Union free trade agreement finalized in January.

The trip comes as disruptions around the Strait of Hormuz and Gulf maritime corridors continue to pressure energy-importing economies. India, the world’s third-largest oil buyer, typically sources nearly half of its crude imports through the strategic waterway.

India’s foreign ministry said discussions in the UAE would focus on “strengthening our energy security,” including cooperation on oil and liquefied petroleum gas supplies. The Gulf nation hosts an Indian diaspora estimated at 4.5 million people and remains one of New Delhi’s key energy partners.

Analysts said the visit reflects India’s broader push to diversify strategic partnerships while positioning itself as an alternative manufacturing and technology hub amid shifting geopolitical alignments and supply-chain realignments away from China.

“The recently concluded India-EU free trade agreement has already created momentum,” former Indian ambassador Anil Wadhwa told AFP, adding that India was seeking to position itself as a “trusted economic, technological and clean energy partner.”The European leg of the tour will focus heavily on trade and investment cooperation.

Modi is scheduled to meet Dutch leaders later on Friday for talks expected to cover bilateral trade, defense cooperation, semiconductors, water management, agriculture and healthcare.India and the EU concluded a landmark free trade agreement in January, which Modi described as the “mother of all deals.” European policymakers increasingly view India, the world’s most populous country, as a critical market and strategic counterweight in Asia.

In Sweden, Modi will attend a European business leaders forum alongside Ursula von der Leyen before traveling to Oslo for an India-Nordic summit, marking the first visit by an Indian prime minister to Norway in more than four decades.

Former Indian ambassador K.C. Singh said the Gulf leg of the visit also reflected changing regional alignments following escalating Middle East tensions.“A new international environment now prevails,” Singh told AFP, citing fractures within the Gulf Cooperation Council and growing strategic competition involving Iran, Gulf states, the United States and Israel.

Modi also met Iranian Foreign Minister Abbas Araghchi in New Delhi on Thursday ahead of the trip, underlining India’s effort to maintain diplomatic engagement across rival regional blocs.Energy analysts said New Delhi could pursue agreements linked to strategic petroleum reserves and long-term LPG supply arrangements to reduce vulnerability to price shocks and shipping disruptions.

The Nordic portion of the tour is also expected to include discussions on Arctic cooperation and climate-linked shipping routes. India operates a research station on Norway’s Svalbard archipelago and has increasingly monitored the commercial and environmental implications of melting polar sea ice.

Indian lawmaker Shashi Tharoor wrote in the Indian Express that India and Nordic nations shared interests in preserving international stability “at a time when the turbulence of the Trumpian era has unsettled global norms.”

The final stop of Modi’s tour will be Italy on May 19, where he is expected to meet Prime Minister Giorgia Meloni for talks on bilateral cooperation and regional security issues.

The report by Iran’s Fars news agency came hours after Donald Trump and Chinese President Xi Jinping agreed during summit talks in Beijing that the Strait of Hormuz should remain open to ensure uninterrupted global energy supplies.

According to Fars, citing an informed source, the arrangement followed requests from China’s foreign minister and ambassador to Tehran. Iran subsequently agreed to facilitate the passage of a number of Chinese-linked vessels within what the report described as the framework of the two countries’ strategic partnership.

The report did not specify how many ships would be permitted to transit or whether broader restrictions on international shipping remained in place.Iran sharply tightened controls over movement through the Strait following the start of US and Israeli strikes on Feb. 28, significantly disrupting maritime traffic through one of the world’s most important energy corridors.

The situation worsened after a US blockade on Iranian ports began shortly after a ceasefire agreement reached in early April, prolonging instability across the Gulf region and affecting shipping routes responsible for roughly one-fifth of global oil and natural gas flows.It remained unclear how significantly the latest arrangement would alter maritime operations in practice.

During the conflict, Iranian authorities had already indicated that vessels considered neutral particularly those linked to China — could pass through the Strait if they coordinated movements with Iranian military forces.

Ship-tracking data showed that a Chinese supertanker carrying around 2 million barrels of Iraqi crude successfully passed through the Strait on Wednesday after being stranded in Gulf waters for more than two months due to the conflict.

The renewed movement of Chinese vessels through Hormuz highlights Beijing’s growing diplomatic and economic engagement in Gulf security issues as disruptions in the region continue to fuel volatility in global energy markets.

India, which holds the BRICS presidency this year, is hosting the two-day meeting involving founding members Brazil, Russia, China and South Africa alongside newer entrants including Iran and the United Arab Emirates.

The summit comes as the war involving Iran and escalating instability around the Strait of Hormuz continue to disrupt shipping lanes and fuel markets, increasing pressure on energy-importing economies across Asia.

Indian foreign ministry spokesperson Randhir Jaiswal said the discussions would focus on “global and regional issues of mutual interest,” while diplomats indicated energy security, trade flows and geopolitical coordination would be central themes.

Iranian Foreign Minister Abbas Araghchi arrived in New Delhi late Wednesday, according to Iran’s embassy, while Russian Foreign Minister Sergey Lavrov held talks with Indian Foreign Minister Subrahmanyam Jaishankar shortly after arriving in the Indian capital.

Jaishankar said discussions with Lavrov covered “trade and investment, energy and connectivity” as well as broader multilateral issues, adding that political coordination among BRICS members had become increasingly important in a “volatile global environment.”The conflict in Iran has heightened concerns in India, which depends heavily on Middle Eastern crude oil and fertilizer imports.

Disruptions to Gulf shipping routes have contributed to volatility in oil and gas prices, complicating New Delhi’s economic outlook.Originally established in 2009 as a coalition of major emerging economies seeking greater influence in institutions traditionally dominated by Western powers, BRICS has expanded rapidly in recent years as member states sought to strengthen political and economic coordination across the Global South.

The bloc now includes Egypt, Ethiopia, Iran, the United Arab Emirates and Indonesia, though officials have not confirmed whether all member states are represented at the meeting.Despite efforts to project unity, internal divisions remain pronounced.

Differences over the Middle East conflict, relations with Western powers and regional rivalries have complicated attempts to present a unified diplomatic position.Indian officials declined to confirm whether the ministers would issue a joint communique at the end of the summit.

Prime Minister Narendra Modi is expected to meet participating foreign ministers ahead of a broader BRICS leaders’ summit scheduled later this year.

The report by Iran’s Fars news agency came hours after Donald Trump and Chinese President Xi Jinping agreed during summit talks in Beijing that the Strait of Hormuz should remain open to ensure uninterrupted global energy supplies.

According to Fars, citing an informed source, the arrangement followed requests from China’s foreign minister and ambassador to Tehran. Iran subsequently agreed to facilitate the passage of a number of Chinese-linked vessels within what the report described as the framework of the two countries’ strategic partnership.

The report did not specify how many ships would be permitted to transit or whether broader restrictions on international shipping remained in place.Iran sharply tightened controls over movement through the Strait following the start of US and Israeli strikes on Feb. 28, significantly disrupting maritime traffic through one of the world’s most important energy corridors.

The situation worsened after a US blockade on Iranian ports began shortly after a ceasefire agreement reached in early April, prolonging instability across the Gulf region and affecting shipping routes responsible for roughly one-fifth of global oil and natural gas flows.

It remained unclear how significantly the latest arrangement would alter maritime operations in practice. During the conflict, Iranian authorities had already indicated that vessels considered neutral — particularly those linked to China could pass through the Strait if they coordinated movements with Iranian military forces.

Ship-tracking data showed that a Chinese supertanker carrying around 2 million barrels of Iraqi crude successfully passed through the Strait on Wednesday after being stranded in Gulf waters for more than two months due to the conflict.

The renewed movement of Chinese vessels through Hormuz highlights Beijing’s growing diplomatic and economic engagement in Gulf security issues as disruptions in the region continue to fuel volatility in global energy markets.

Chinese Foreign Minister Wang Yi made the remarks during a phone call on Tuesday with Pakistani Foreign Minister Ishaq Dar, according to China’s state news agency Xinhua.

“China will continue to support Pakistan’s mediation efforts and make its own contribution toward this end,” Wang said, Xinhua reported, referring to diplomatic engagement aimed at easing tensions between Washington and Tehran and addressing issues linked to the strategic Strait of Hormuz.

The comments came as Trump was expected to arrive in Beijing on Wednesday evening for meetings with Xi, whose government maintains close economic and strategic ties with Iran despite persistent friction between Tehran and Washington.

Pakistan has increasingly positioned itself as an intermediary between the United States and Iran as negotiations continue over a potential peace framework following recent conflict between the two countries.

Iran on Tuesday rejected suggestions that it should revise its latest proposals in the talks, after Trump dismissed the proposals as “garbage,” according to statements carried by international media.

The Strait of Hormuz, located between Oman and Iran, remains one of the world’s most critical maritime oil transit routes, carrying a significant share of global crude exports.

Any disruption to shipping through the waterway has historically raised concerns in energy markets and among major importing economies, including China.
Beijing has repeatedly called for dialogue and de-escalation in the Middle East while seeking to protect energy supply chains vital to its economy.

China has also expanded diplomatic engagement in the region in recent years, including brokering the restoration of diplomatic ties between Iran and Saudi Arabia in 2023.

Trump’s visit to Beijing comes amid broader discussions between Washington and Beijing over regional security, trade tensions and the future of U.S. policy toward Taiwan, according to officials and state media reports.

The UAE blamed Iran for the attack, which occurred on Monday at an energy installation along the Gulf coast. Iranian state television said the Islamic republic had “no pre-planned program” to target oil facilities in the UAE.

India’s foreign ministry spokesperson Randhir Jaiswal said New Delhi “calls for immediate cessation of these hostilities and the targeting of civilian infrastructure and innocent civilians,” adding that the country supports efforts toward a peaceful resolution.

He also urged “free and unimpeded navigation and commerce through the Strait of Hormuz in keeping with international law.”The incident comes amid broader disruptions to energy supply chains since the onset of conflict in the Middle East in late February. India, the world’s third-largest oil importer, typically sources about half of its crude oil through the Strait of Hormuz, a critical chokepoint for global energy shipments.

Analysts have warned that India’s reliance on imported energy, combined with relatively modest strategic reserves compared with major consumers such as China, leaves it exposed to price volatility and supply shocks linked to regional instability.Shipping and import data indicate that New Delhi has moved to offset disruptions by diversifying supply, including increased reliance on Russian crude.

This shift follows earlier efforts to reduce dependence on such imports amid pressure from U.S. trade measures.India has reiterated its readiness to support diplomatic initiatives aimed at stabilizing the region, as tensions continue to threaten key maritime routes and energy infrastructure.

Speaking in Canberra after talks with Australian Prime Minister Anthony Albanese, Takaichi said both countries would act with urgency to strengthen energy security amid a supply squeeze linked to reduced shipping through the strait.

Roughly one-fifth of the world’s oil typically transits through the Strait of Hormuz, with flows curtailed after Iran throttled shipping following attacks by the United States and Israel. About 80 percent of that oil is destined for Asia, according to the International Energy Agency.

“The effective closure of the Strait of Hormuz has been inflicting enormous impact on the Indo-Pacific,” Takaichi told reporters, adding that Japan and Australia would maintain close communication to respond to the situation.

Both governments said they would seek to enhance resilience and autonomy in energy supply chains. Australia is Japan’s largest supplier of liquefied natural gas, while Japan provides a share of refined fuel products, including diesel, to Australia.

The two sides issued a series of agreements covering energy, economic cooperation, defense and critical minerals. Albanese said the measures would help shield Australia from “global shocks” stemming from conflict in the Middle East.

Japan has also emphasized the importance of securing stable supplies of critical minerals used in semiconductors, electric vehicle batteries and defense systems. Australia has positioned itself as a key supplier of such resources, highlighting its reserves as an alternative to concentrated global supply chains.

Defense cooperation has expanded alongside economic ties, including a deal valued at around Aus$10 billion for Japan to supply Mogami-class stealth warships to the Australian navy.

In a separate foreign policy address in Vietnam over the weekend, Takaichi reiterated Japan’s commitment to a “free and open Indo-Pacific,” a strategy aimed at strengthening regional security and supply chain resilience.
ja

The commitment came during Takaichi’s visit to Hanoi, where the two leaders discussed expanding the Comprehensive Strategic Partnership established in 2023, covering sectors including energy, critical minerals, artificial intelligence, semiconductors and space cooperation.

“The two sides identified economic security as a new priority area for bilateral cooperation,” Takaichi told reporters after the meeting.“With regard to critical minerals, both sides agreed to strengthen close coordination to ensure stable supplies and reinforce supply chains,” she said.

The talks come as Japanese investment flows into Vietnam weakened sharply despite stronger trade ties. New Japanese investment in Vietnam fell about 75% year-on-year to $233 million in the first quarter of 2026, while bilateral trade rose 12.3% to $13.7 billion during the same period, according to Vietnamese government and customs data.

Japan remains one of Vietnam’s largest foreign investors, with major Japanese manufacturers operating extensive production bases in the country across electronics, automotive and industrial sectors.As part of the visit, both governments signed six agreements covering infrastructure development, climate action, agriculture, digital transformation, technology cooperation and space development, reinforcing broader strategic cooperation beyond trade.

Vietnam has also been seeking support from Japan and other partners to stabilize oil supplies as conflict in the Middle East pushes up crude prices and disrupts shipping routes.Under Japan’s $10 billion Power Asia Initiative, designed to strengthen energy self-reliance across Asia, Tokyo will help arrange crude oil supplies for Vietnam’s Nghi Son Refinery and Petrochemical Complex, one of the country’s most important energy facilities, Prime Minister Hung said.

Takaichi is also scheduled to meet To Lam and senior Communist Party leadership later on Saturday and deliver a keynote address at Vietnam National University.Her speech is expected to mark a decade since former Prime Minister Shinzo Abe introduced Japan’s “Free and Open Indo-Pacific” strategy, a regional framework aimed at strengthening rules-based order, maritime security and economic cooperation across Asia.

Vietnam has publicly supported Japan’s regional initiatives, including the Free and Open Indo-Pacific Vision, aligning them with ASEAN’s broader Indo-Pacific outlook and emphasizing international law, regional stability and balanced strategic autonomy.Hung said Vietnam viewed the framework as contributing positively to “peace, stability, cooperation and development in the region and beyond.”

The visit reflects Tokyo’s broader effort to deepen strategic partnerships across Southeast Asia as competition over technology, trade routes, mineral access and energy security intensifies across the Indo-Pacific.