The United States has convened a G20 energy summit in Houston, Texas, aimed at promoting the concept of "energy abundance" among major global powers. The meeting takes place against a backdrop of significant volatility in international fuel markets, which officials attribute to the ongoing conflict between the United States and Iran.

Representatives from several of the world's largest economies, including China, India, Japan, and Germany, are in attendance. The summit also includes participation from key oil-producing nations, notably Saudi Arabia and Canada. Despite the geopolitical tensions surrounding the host nation, Russia is also expected to participate in the discussions. The primary focus of the talks is to coordinate energy strategies and address the supply chain disruptions currently affecting global markets. While the U.S. administration is emphasizing the necessity of energy abundance to stabilize prices, the impact of the U.S.-Iran conflict remains a central point of concern for the attending delegations.