Brief by Shorts91 Newsdesk / 03:24pm on 09 Mar 2026,Monday International
G7 nations will hold an emergency meeting on Monday to discuss rising oil prices and falling stock markets linked to the US-Israel war with Iran. Finance ministers from major economies will review the impact of the conflict on global energy supply. Oil prices crossed $100 a barrel as fears grew over disruptions in the Strait of Hormuz. Nearly one-fifth of the world’s oil usually moves through the route, but shipping has slowed since the war began. Brent crude briefly rose close to $120 before easing. Officials may also discuss releasing oil from emergency reserves through the International Energy Agency. Analysts say a longer conflict could keep markets under pressure.
