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

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. 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.