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Euronews

Eleonora Vasques

EU ministers eye oil reserves to contain energy prices and inflation as Iran war rages

European Union Oil Inflation Iran United States Ayatollah Ali Khamenei Roland Lescure Europe Brussels Euronews

EU economy and finance ministers are gathering in Brussels on Monday and Tuesday to discuss how to respond to surging energy prices and anticipated inflation amid the ongoing strikes and counter-strikes in the Middle East.

"We are ready to take necessary and coordinated steps in order to stabilise markets, such as strategic stockpiling,” French Economy Minister Roland Lescure told journalists on Monday after chairing a meeting of G7 finance ministers.

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