G7 Statement: "Ready to Release Oil Reserves When Necessary"

2026-03-09 15:47:26

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Deep Tide TechFlow News, March 9 — The G7 finance ministers announced that they are prepared to take all necessary measures to support global energy supplies, including releasing strategic petroleum reserves. In a statement, the organization said, “We will continue to closely monitor the situation and developments in energy markets, hold meetings to exchange information when necessary, and coordinate within the G7 and with international partners. We are ready at any time to take necessary actions, including releasing reserves, to support global energy supplies.”

The G7 finance ministers held a video conference on Monday to discuss the Middle East conflict, its impact on regional stability, the global economy, and financial markets, as well as the importance of ensuring the security of trade routes. Leaders from the International Monetary Fund, World Bank Group, Organisation for Economic Co-operation and Development, and International Energy Agency also participated in the discussion. (Jin10)

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