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The Economic Times

Top News / The Economic Times

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France says G-7 is not there yet on releasing oil stockpiles

G-7 nations are ot there yet on organizing a global release of emergency oil inventories despite soaring prices due to the Iran war. France stated readiness to use strategic reserves to stabilize markets, as Middle Eastern producers cut output and the Strait of Hormuz faces disruption. Consumers are already experiencing the impact with rising fuel and air ticket costs.

9 Mar 2026 8:47 pm