G7 to discuss release of emergency oil reserves as price tops $100
by Lauren Almeida from on (#743Q2)
US among three countries so far backing measure triggered by Middle East war, according to reports
G7 finance ministers are preparing to discuss the release of emergency oil reserves, according to reports, after the US-Israel war with Iran sent the price of crude above $100 (75) for the first time since 2022.
The ministers will discuss the release of the reserves in a call coordinated by the International Energy Agency (IEA), according to a report in the Financial Times.
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