G7 Finance Ministers are reportedly to release a joint statement which notes that countries “stand ready to take necessary measures, including to support global supply of energy such as stockpile release", according to the FT citing sources

The G7 Finance Ministers' joint statement indicates a proactive stance on global energy supply, suggesting potential measures like stockpile releases.

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IEA Executive Director Birol says "we discussed all the available options, including making IEA emergency oil stocks available to the market"

French Finance Minister Lescure says we have agreed to use any necessary tools if need be to stabilise the market, including the potential release of necessary stockpiles, hopes G7 statement on possible release of emergency oil to come in the next hour

G7 Finance Ministers are reportedly to release a joint statement which notes that countries “stand ready to take necessary measures, including to support global supply of energy such as stockpile release", according to the FT citing sources

US President Trump says "Australia is making a terrible humanitarian mistake by allowing the Iran National Woman’s Soccer team to be forced back to Iran, where they will most likely be killed. Don’t do it, Mr. Prime Minister, give ASYLUM."

Germany's Steel Association says against the general backdrop and given specific Middle Eastern uncertainties, decisive industrial policy measures must now be taken to stabilise energy prices

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Context

This could signal a response to rising energy prices or supply concerns, impacting commodities markets, particularly oil and gas. Traders should be aware of how this may influence inflation expectations and cross-asset correlations.

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