G7 to discuss release of emergency oil reserves as price tops $100
US among three countries so far backing measure triggered by Middle East war, according to reportsIran war drives oil prices above $100 a barrelBusiness live – latest updatesG7 finance ministers are preparing to discuss the release of emergency oil reserves, according to reports, after the...
<p>US among three countries so far backing measure triggered by Middle East war, according to reports</p><ul><li><p><a href="https://www.theguardian.com/business/2026/mar/09/iran-war-drives-oil-price-above-100-a-barrel-for-first-time-since-2022">Iran war drives oil prices above $100 a barrel</a></p></li><li><p><a href="https://www.theguardian.com/business/live/2026/mar/09/stock-markets-plunge-oil-over-100-a-barrel-g7-emergency-oil-reserves-news-updates">Business live – latest updates</a></p></li></ul><p>G7 finance ministers are preparing to discuss the release of emergency oil reserves, according to reports, after the US-Israel war with Iran sent the <a href="https://www.theguardian.com/business/2026/mar/09/iran-war-drives-oil-price-above-100-a-barrel-for-first-time-since-2022">price of crude above $100 (£75)</a> for the first time since 2022.</p><p>The ministers will discuss the release of the reserves in a call coordinated by the International Energy Agency (IEA), according to a report from the Financial Times.</p> <a href="https://www.theguardian.com/business/2026/mar/09/g7-release-emergency-reserves-oil-price-us-middle-east-war">Continue reading...</a>
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