OfficialShipping, energy & marketsParis, France
Macron to convene G7 meeting on energy prices, weigh releasing strategic oil reserves
- Mountain Time
- Local time
- 6:45 PM in Paris
- Where
- Paris, France
France will call a G7 meeting in the coming weeks devoted to soaring energy prices and consider releasing strategic oil reserves, President Emmanuel Macron said after a crisis meeting on threats from the Middle East and Ukraine wars.
Why it matters
A coordinated G7 reserve release would be the main policy tool left to cool prices while Hormuz and the Saudi pipeline are disrupted.
Source
- Al Jazeera live blogaljazeera.comPublished
Confidence: Stated by a named government, military, or institution. Not independently confirmed. About confidence labels