G7 holds emergency talks as energy market jitters intensify
The meeting convened at short notice focused on potential disruptions to oil flows and the impact of rising prices on inflation and growth. Crude markets have surged in recent sessions reflecting fears that key supply routes could be affected. Delegates discussed possible coordinated measures including the release of strategic petroleum reserves, t
hough no final decision had been announced, the officials said. Energy ministers are also examining steps to safeguard shipping lanes and critical infrastructure, as governments seek to prevent further market volatility. Analysts warned that sustained increases in oil prices could place additional pressure on import-dependent economies and complicate monetary policy outlooks. Leaders reiterated the need to maintain stable energy supplies and avoid further escalation, while emphasizing cooperation to mitigate economic risks. A joint statement is expected following the talks. Source: Financial Times