A big intervention is being discussed in the oil markets, but as yet, we do not know how big the problem will be.

US among three countries so far backing measure triggered by Middle East war, according to reports

A big intervention is being discussed in the oil markets, but as yet, we do not know how big the problem will be.

A near 14% jump in oil prices due to the Iran war triggered an emergency meeting of the G7 with plans to release strategic reserves top of the agenda.

Oil prices surged above $100 per barrel as the critical Strait of Hormuz remains closed due to threats from Iran.

International Energy Agency reportedly proposed largest release of oil reserves in its history to bring down crude prices

The group of nations welcomes the idea of releasing oil in response to the surge in prices since the US-Israel war with Iran began