G7 ready to take ‘necessary measures’ to ensure energy market stability
Ministers and central bankers from the G7 came together as Iran’s retaliatory targeting of Gulf oil producers and effective blockade of shipping through the Strait of Hormuz caused Brent crude prices, the global benchmark, to top $116 a barrel that morning. The G7, which includes the United States, Canada, Japan, Britain, France, Germany and Italy, called on countries “to refrain from imposing unjustified export restrictions” on oil, gas and related products, taking note of options suggested by...
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