G7 energy ministers to meet Tuesday morning to discuss release of oil reserves, sources say

An oil tanker carrying imported crude oil sails in the Jiaozhou Bay waterway towards Qingdao Port in Qingdao City, Shandong Province, China, on May 14, 2025.Energy ministers from the Group of Seven nations will hold a virtual meeting Tuesday morning to discuss a possible release of oil reserves to address the supply disruption triggered by the Iran war, sources told CNBC. G7 finance ministers met Monday to discuss a release of reserves but did not make a decision. The G7 members are Canada, France, Germany, ...