General · 9 March 2026

Oil Prices Near $120; G7 Discusses Reserves

Global stock markets are seeing turmoil, with energy costs potentially rising for everyone, as crude oil prices climbed to nearly $120 a barrel. Rachel Reeves will join G7 finance ministers for urgent talks at 1.30pm UK time, to discuss releasing global oil reserves. This follows a 25 percent jump in crude prices overnight, prompted by recent conflicts in Iran.

By BriefTea Editorial · 9 March 2026 at 8:12

Reported by The Telegraph · How we write briefs

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