G7 Finance Ministers Ready to Support Global Energy Supply Amid Middle East Tensions

G7 finance ministers have expressed their readiness to take all necessary measures to support global energy supply, including the release of strategic oil reserves. According to ChainCatcher, the group stated their commitment to closely monitor the situation and developments in energy markets, with plans to convene meetings as needed to exchange information and coordinate within the G7 and with international partners. The finance ministers held a video conference on Monday to discuss the Middle East conflict, its impact on regional stability, the global economy, and financial markets, as well as the importance of securing trade routes. Leaders from the International Monetary Fund, World Bank Group, Organisation for Economic Co-operation and Development, and International Energy Agency also participated in the discussions.