The G7 and EU foreign policy chiefs also expressed support for their partners in the region “in the face of the unjustifiable ...

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

The Group of Seven has signaled it is committed to protecting the global energy supply as the Iran war continues to roil the oil trade and market. In a statement on Saturday, the leaders of the G7 ...

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

Foreign ministers from the Group of Seven (G7) nations issued a unified declaration on Saturday, signaling a readiness to implement "necessary measures" to stabilize global energy ...

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

Foreign Ministers of G7 countries, Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America, and the High Representative of the European Union on Saturday (local time ...

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

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

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 ...

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

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 ...