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

G7 finance ministers and central bank governors are set to convene for a key meeting as diplomatic tensions escalate over the Iran conflict.

Il G7 sarebbe pronto a discutere oggi il rilascio comune e coordinato delle riserve strategiche di petrolio per frenare la corsa del petrolio a seguito della guerra in Iran. Lo…

Il G7 sarebbe pronto a discutere oggi il rilascio comune e coordinato delle riserve strategiche di petrolio per frenare la corsa del petrolio a seguito della guerra in Iran. Lo…

Si starebbe valutando il rilascio di 3-400 milioni di barili, circa il 25%-30% delle riserve a disposizione dei 32 paesi aderenti all’Aie

Rilascio congiunto di petrolio dalle riserve. La proposta è sul tavolo dei ministri delle finanze del G7 che ne discuteranno già oggi in una riunione online prevista oggi...

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.

Earlier Monday, French President Emmanuel Macron said the G7 would this week discuss a possible release of strategic oil reserves.

The IEA's members are advanced economies in North America, Europe and Northeast Asia. They collectively hold about 1.2 billion barrels of oil in reserve.

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

G7 leaders consider escorting ships in the Gulf to ensure safe navigation amid rising energy prices and regional tensions.

The group of Western powers, which have remained cautious about the war in Iran waged by Israel and the US, met on Wednesday to try to minimize the conflict's impact on the global…