Oil prices surged above $100 per barrel as the critical Strait of Hormuz remains closed due to threats from Iran.

Crude oil prices are experiencing the largest oil disruption in history, affecting a fifth of global supply, as the ...

The G7 countries meeting on Monday to discuss measures to curtail the oil supply shock from the ongoing war in Iran have not agreed to release emergency crude volumes held in International Energy ...

The group of Western powers, which have remained cautious about the war in Iran waged by Israel and the US, met on Wednesday to try to minimize the conflict's impact on the global economy.

Energy ministers of the G7 said on Wednesday they stood ready to take “all necessary measures” in coordination with the ...

Energy ministers of the Group of Seven (G7) on Wednesday affirmed their readiness to take 'all necessary measures' regarding oil reserves, hours before a me ...

French President Emmanuel Macron will convene a call with leaders of the Group of Seven (G7) on Wednesday to discuss the Iran crisis and rising energy prices, the French president's office said.

Canada G7 U.S. Secretary of State Marco Rubio, right, stands beside Canada's Minister of Foreign Affairs Anita Anand, as she speaks ahead of the family photo during the G7 Foreign Ministers' Meeting ...

The G7 group agrees to explore the possibility of escorting ships in the Middle East following the deteriorating security conditions amid the Iran war ...

Iranian oil facilities were hit as the US and Israel launched a fresh wave of airstrikes at the weekend.