G7 Weighs Release of Strategic Oil Reserves Amid Iran Conflict Supply Disruption
Via aa_tr, CNBC, Euronews, Bloomberg and France24
- •G7 energy ministers will meet virtually to discuss releasing oil reserves amid supply disruptions.
- •Oil prices have surged above $100 per barrel, partly due to threats from Iran closing the Strait of Hormuz.
- •Finance ministers have not agreed to release reserves yet but are prepared to act if necessary.