Finance ministers from the Group of Seven (G7) are set to discuss the possible use of strategic oil reserves during a videoconference meeting on Monday, a French government source told the AFP.
The talks come as energy markets react to the widening Israeli-US war in the Middle East, which has pushed oil and gas prices sharply higher over the past week.
"It's an option under consideration," the source told AFP.
The meeting, chaired by France, is scheduled to begin at 1:30pm French time (12:30 GMT). Officials from the United States, Japan, Canada, the United Kingdom, France, Germany and Italy will assess the economic fallout from the escalating conflict and potential measures to stabilise energy markets.
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