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The Times of India

Business / The Times of India

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Oil above $100 as Iran war disrupts supply: Will G7 tap emergency reserves?

G-7 nations are considering a joint release of strategic oil reserves to stabilize surging crude prices amid the ongoing Middle East war. Finance ministers will discuss the coordinated drawdown, which would be in conjunction with the International Energy Agency. This move aims to alleviate supply disruptions impacting global consumers and industries.

9 Mar 2026 1:42 pm