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 ...

French economy minister Roland Lescure says G7 countries need to reserve stockpiles for other potential oil market shocks.

Officials said several G7 leaders pressed Trump to end the war in Iran quickly and secure shipping lanes through the Strait ...

Foreign Minister Cho Hyun will travel to France next week to attend the foreign ministerial meeting of the Group of Seven (G7) advanced countries, the foreign ministry said Tuesday. Cho will make a ...

U.S. President Trump told G7 leaders in a virtual ‌meeting on Wednesday that Iran ‌is "about to surrender," Axios reported on ...

There was broad agreement among the Group of Seven finance ministers ​on Monday not to release strategic oil ‌reserves just ...

G7 finance ministers will on Monday discuss the possible release of emergency oil reserves, a French government source said, ...

G7 finance ministers are considering releasing up to 400 million barrels of oil from strategic reserves to calm surging prices driven by Middle East war disruptions.

The Group of Seven nations have decided against jointly releasing hundreds of millions of barrels of crude oil reserves to stanch skyrocketing prices, which have hit over $100 a barrel in what has ...

A near 14% jump in oil prices due to the Iran war triggered an emergency meeting of the G7 with plans to release strategic reserves top of the agenda.