Synopsis G-7 nations are "not 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.
G7 Fails to Coordinate Global Oil Release Amid Iran War-Driven Price Surge
Economic Times•
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Publisher: Economic Times
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