G7 ready to act urgently to stabilize oil prices
A meeting of the International Energy Agency (IEA) member countries will be held today to obtain precise data on the situation and clarify government decision-making.
TL;DR
- G7 countries are prepared to act urgently to stabilize oil prices.
- An IEA meeting will take place to gather precise data on the situation.
- The goal is to coordinate international efforts to prevent oil price surges.
- The current tension is linked to the closure of the Strait of Hormuz.
- The US is also aware of the need to stabilize the market.