G7 Not Yet Ready to Tap Emergency Oil Reserves, France States
Deep News
Mar 09
France, the current G7 presidency, has indicated that member countries are not yet at the stage of coordinating a release of emergency petroleum stocks in response to the conflict involving Iran. The statement was made by French Finance Minister Roland Lescure following a video conference of the G7, which focused on the impact of the Iran conflict on energy markets. He added that the group is closely monitoring developments and stands prepared to take necessary actions to stabilize markets, including the potential use of reserves.
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