G7 Energy Ministers Meet on Strategic Oil Reserve Release Amid Strait of Hormuz Closure Introduction Energy ministers from the Group of Seven (G7) nations held a virtual meeting Tuesday morning, March 10, to discuss a coordinated release of strategic petroleum reserves, multiple sources confirmed. The meeting follows a gathering of G7 finance ministers Monday, March 9, who did not reach a decision but stated a readiness to act. The talks are a response to surging oil prices and a historic supply disruption triggered by the closure of the Strait of Hormuz amid ongoing military conflict between the United States, Israel and…
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