G7 to discuss joint release of emergency oil reserves, FT reports

G7 to discuss joint release of emergency oil reserves, FT reports

The Straits Times - Business·2026-03-09 15:01

March 9 - The Group of Seven (G7) finance ministers will discuss on Monday a joint release of oil from emergency reserves coordinated by the International Energy Agency, the Financial Times reported.

Three G7 countries, including the U.S., have so far expressed support for the idea, the FT said citing sources, and added that the ministers and the IEA Executive Director Fatih Birol will hold a call to discuss the impact of the Iran war.

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