G7 to discuss release of emergency oil reserves as price tops $100

2026-03-09 - 08:02

US among three countries so far backing measure triggered by Middle East war, according to reports Iran war drives oil prices above $100 a barrel Business live – latest updates 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 from the Financial Times. Continue reading...