E-Paper | October 02, 2026

G7 to discuss possible release of strategic oil reserves

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The use of strategic oil reserves will be an “option under consideration” at a meeting of G7 finance ministers on the Middle East crisis on Monday, a French government source said, reports AFP.

The Financial Times had reported earlier that G7 finance ministers were scheduled to discuss a joint release of strategic oil reserves coordinated by the International Energy Agency.

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