The G7 leaders' meeting will take place late at night on the 11th, focusing on coordinated oil reserve releases in response to tensions in the Middle East.
The French presidency announced that the G7 leaders will hold an online meeting at 11 PM Japan time on the 11th, prompted by the intensifying situation in the Middle East. The agenda is expected to include discussions on coordinated releases from oil reserves as a measure against escalating energy supply concerns.
Prior to this summit, G7 finance and energy ministers convened on the 9th and 10th to address the energy supply uncertainties arising from the Middle East tensions. They have been discussing necessary measures, including a coordinated approach to the release of oil reserves, to ensure stability in global energy markets amidst the crisis.
The French presidency, which currently holds the G7 presidency, emphasized that economic cooperation is crucial for effectively and beneficially addressing the current situation. The leaders' summit aims to solidify international solidarity and foster strategies to mitigate the potential economic impact of energy supply disruptions.
