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An initial deal to end the war and open the Strait of Hormuz was expected to be signed this week.
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The Israeli military said it launched strikes on Beirut on Sunday targeting Hezbollah infrastructure, despite ongoing efforts to negotiate an end to the U.S.-Iran war. Smoke could be seen rising over the Lebanese capital.
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The gathering was originally expected to be a meeting focused on a variety of separate economic and security issues.
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President Trump said it would be signed on Sunday, but Iran's Foreign Ministry cautioned that the timeline could be slower.
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The attacks complicated an already delicate moment as President Trump and Iran appeared to be edging toward finalizing a framework peace agreement.
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British armed forces intercepted a sanctioned Russian shadow fleet oil tanker in the Channel on Sunday, leading for the first time an operation to disrupt the oil revenue ?that helps fund Russia's war in Ukraine.
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The Palestinian death toll from the Israel-Hamas war has surpassed 73,000, Gaza's Health Ministry said Sunday, despite a fragile ceasefire that has been described as stalled.
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The Iran war has drawn the world's focus, but the G7 is also likely to address Russia's war against Ukraine, which continues to rage in eastern Europe.
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Pakistan's prime minister, a key mediator in U.S.-Iran talks to end the war, said Saturday that a peace deal was closer "than ever before," and could be finalized "in the next 24 hours."
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The war has produced regime change, but Iran's new leaders are more willing to take risks and believe they have already absorbed the worst that America and Israel can deliver.
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A senior Trump administration official had said earlier that deal to end the Iran war could be signed soon.
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More than 3,700 people in Lebanon have died in the war between Israel and Hezbollah. In a village in southern Lebanon, one airstrike last month killed 14 people, including 10 women and children.
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