US-Iran War: Can G7's Strategic Reserves Offset Global Crude Oil Gaps? | WION
The G7 nations are weighing whether strategic petroleum reserves could be used to stabilise global energy markets as crude oil prices surge amid escalating conflict in the Gulf. With supply risks rising, policymakers are assessing whether emergency stockpiles can offset potential disruptions to global crude flows. Strategic reserves are typically released during major supply shocks to calm markets and prevent severe shortages. However, analysts warn that the scale and duration of any disruption will determine whether these reserves can meaningfully bridge the gap in global crude supply.
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