UK would support release of emergency oil stocks after price spike, finance minister says

2026-03-09 - 20:34

Britain stands ready to ​support the release ‌of emergency oil reserves in response to ​a spike ​in the price of ⁠oil following renewed ​conflict in the ​Middle East, finance minister Rachel Reeves said on ​Monday. “I stand ​ready to support a coordinated ‌release ⁠of collective International Energy Agency oil reserves,” Reeves told ​lawmakers ​after ⁠a virtual meeting of G7 finance ​ministers where ​the ⁠issue was discussed.