The Washington Times stories: Politics

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

Mar 9, 2026Center Right

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.

Read Full Story at Source

Compare coverage

4 related stories from other outlets

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

The Guardian

Mar 9, 2026

Top Match

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

Center Left

Read →

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

TIME

Mar 9, 2026

Good Match

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.

Center Left

Read →

Stocks drop as oil prices top $100 per barrel, Trump defends costs of Iran strikes

The Hill

Mar 9, 2026

Good Match

Stocks drop as oil prices top $100 per barrel, Trump defends costs of Iran strikes

Stocks dropped Monday after a weekend of escalating strikes in the Middle East drove oil prices above $100 per barrel and raised fears of a global economic crisis. The Dow Jones Industrial Average fell 500 points after the opening bell Monday, dropping 1.1 percent. The S&P 500 index opened with a loss of 0.9 percent…

Center

Read →

NBC News

Mar 9, 2026

Good Match

Oil Hits $100 Per Barrel as Impact of Iran War Widens

The war in Iran has created a bottleneck for the world’s energy supply, sending oil prices surging to $100 a barrel, the highest level in years. NBC’s Christine Romans reports for TODAY on how the escalating conflict is rattling stock markets around the world and how Americans are feeling a worse-than-expected pinch at the pump.

Center Left

Read →