G7 delays oil-reserve release, awaits leaders’ decision
TL;DR
G7 finance ministers broadly agreed not to release strategic oil reserves yet, signaling readiness to act if needed; energy ministers will reconvene on Tuesday and leaders will make the final call later this week.
- Broad agreement in G7 not to release oil reserves just yet, says G7 official Reuters
- G7 discuss joint release of emergency oil reserves Financial Times
- G7 energy ministers to meet Tuesday morning to discuss release of oil reserves, sources say CNBC
- G7 ready to take ‘necessary measures’ over economic impact of Iran war The Guardian
- Oil climbs down from precipice as US crude reserve release ‘on the table’ Politico
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