G7 finance ministers prepare to release oil reserves to support global energy supply

2026-03-10 03:24:16

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Investing.com – G7 finance ministers stated that they are prepared to take necessary measures to support global energy supplies, including releasing strategic petroleum reserves.

The G7 finance ministers held a virtual meeting on Monday to discuss the Middle East conflict, its impact on regional stability, the global economy, financial markets, and the importance of secure trade routes.

In a statement, the group said, “We will continue to closely monitor the situation and developments in energy markets and will hold meetings as needed to share information and coordinate within the G7 and with international partners.” “We are ready at any time to take necessary measures, including supporting global energy supplies, such as releasing reserves.”

Officials from the International Monetary Fund, World Bank Group, Organisation for Economic Co-operation and Development, and International Energy Agency participated in the discussion.

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