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Euronews
Euronews
Quirino Mealha

G7 'not there yet' on releasing oil reserves as Iran war drives price surge

G7 finance ministers discussed a coordinated release of emergency oil reserves on Monday but failed to reach agreement, with France's Roland Lescure saying the group was "not there yet" on a deal.

The G7 was exploring a coordinated release of emergency oil reserves to tamp down fears of an impending shortage but stopped short of a deal.

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