As the price of oil breaches $100 a barrel G7 finance ministers will hold an emergency discussion today amid a sharp rise in oil prices
According to the Financial Times, countries are considering releasing about 300–400 million barrels of oil from the International Energy Agency’s strategic reserves onto the global market to stabilize prices.
President Trump told everyone to calm down last night, with an exceedingly calm statement on Truth Social: ‘Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay [for] U.S.A., and World,
As the price surged overnight Stock markets in the Asia-Pacific fell sharply in early trading
