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G7 to discuss release of emergency oil reserves as price tops $100

Mar 9, 2026Center Left

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 US-Israel war with Iran sent the price of crude above $100 (£75)…

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G-7 to Discuss Joint Release of Emergency Oil Reserves

Bloomberg

Mar 9, 2026

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G-7 to Discuss Joint Release of Emergency Oil Reserves

The Group of Seven finance ministers are set to discuss a possible joint release of oil reserves on Monday, according to people familiar with the matter, as the Middle East war chokes flows from the region and sends prices soaring.

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G7 countries rule against release of oil reserves to arrest surge in prices

Washington Examiner

Mar 9, 2026

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G7 countries rule against release of oil reserves to arrest surge in prices

The Group of Seven nations have decided against jointly releasing hundreds of millions of barrels of crude oil reserves to stanch skyrocketing prices, which have hit over $100 a barrel in what has been described as the most severe energy crisis since the 1970s. Following a virtual call on Monday, it was revealed that the…

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The Washington Times stories: Politics

Mar 9, 2026

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G7 considers emergency measures as oil tops $100 a barrel and markets continue selloff

The Group of Seven said Monday it would tap strategic oil reserves, if necessary, after oil prices surged above $100 per barrel, heaping pressure on President Trump to address the economic fallout from his war with Iran.

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Oil Prices Top $100 A Barrel, Trump Says It’s a Short-Term Blip

TIME

Mar 9, 2026

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Oil Prices Top $100 A Barrel, Trump Says It’s a Short-Term Blip

President Donald Trump dismissed higher gas prices as a “very small price to pay” as analysts warned that disruptions from the war in the Middle East could escalate.

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