Finance ministers of G7 nations to hold emergency talks on releasing oil reserves

Finance ministers of G7 nations to hold emergency talks on releasing oil reserves Finance ministers from the G7 nations will hold an emergency meeting to discuss releasing strategic oil reserves as global crude prices surge, the Financial Times reported, citing sources. The move is being considered to stabilise energy markets amid disruptions linked to the widening Middle East conflict. US officials reportedly believe that releasing between 300 million and 400 million barrels from strategic reserves could help ease supply pressures and calm volatile markets.