G7 finance ministers have announced their readiness to take all necessary measures to support global energy supplies, including the possible release of strategic oil reserves. This is reported by Bloomberg.
“We will continue to closely monitor the situation and developments in energy markets and will meet as needed to exchange information and coordinate actions within the G-7 and with international partners,” the G7 statement said.
It also states that countries are ready to take measures to support global energy supplies.
The European Union has called for a new meeting of the coordination groups on oil and gas due to the increase in raw material prices, which is caused by the Israeli-American operation against Iran in the Middle East.
On the night of March 9, oil prices exceeded $ 100 per barrel – for the first time since the beginning of Russia’s full-scale invasion of Ukraine in 2022. Due to the US and Israeli operation against Iran, US oil futures increased by 18%, and the global benchmark Brent – by 16%.
