G7 statement: "Ready at any time" to release oil reserves if necessary

According to Odaily, the finance ministers of the Group of Seven (G7) stated that they are prepared to take all necessary measures to support global energy supplies, including releasing strategic oil reserves. The organization said in a statement: "We will continue to closely monitor the situation and developments in the energy markets, and will convene meetings to exchange information when necessary, coordinating within the G7 and with international partners. We are ready at any time to take necessary measures, including supporting global energy supplies through the release of reserves." The G7 finance ministers held a video conference on Monday to discuss the Middle East conflict, its impact on regional stability, the global economic situation and financial markets, as well as the importance of ensuring the security of trade routes. Leaders from the International Monetary Fund, World Bank Group, Organisation for Economic Co-operation and Development, and International Energy Agency also participated in the discussion. (Golden Ten Data)