Canadian PM Carney: We should use G7 oil reserves

Canadian Prime Minister Mark Carney says the G7's strategic oil reserves should be made available to help offset the impact the Iran war has had on oil prices.

"The best option is to reduce tensions, to have peace. We should use the G7's oil reserves," Carney said.

His comments come as the International Energy Agency (IEA) prepares to meet on Tuesday to discuss releasing strategic oil reserves, in an effort to boost supplies and calm energy markets.

Earlier in the day, G7 finance ministers met to discuss the issue but stopped short of ordering the release of strategic reserves, instead ordering the IEA to review market conditions and security of supplies before making a decision./CNA, translated by BBC

21:36 World

Trump paralajmëron Iranin: Nëse vendosni mina në Ngushticn e Hormuzit, pasojat do të jenë të papara ndonjëherë

Presidenti i Shteteve të Bashkuara të Amerikës, Donald Tru...

21:21 World

"The United Kingdom reaffirms support for Kosovo"/ Konjufca holds telephone conversation with the British minister

First Deputy Prime Minister and Minister of Foreign Affair...

20:36 World

Drone attack on oil refinery in United Arab Emirates

The most significant Iranian attack so far on Tuesday was ...

20:26 World

Attacks on Iranian oil depots/WHO warns of "black rain" in Tehran: Risk to public health

  The World Health Organization has warned that "black rain...

19:57 World

Analysis: The longer this war continues, the better it gets for Moscow

  Russian President Vladimir Putin is a master at turning e...

19:57 World

War with Iran/ Pentagon: About 140 American soldiers injured, eight of them seriously

The Pentagon has issued a statement, saying that about 140...

19:39 World

White House: War in Iran will result in lower gas prices

White House Press Secretary Caroline Leavitt issued a stat...

19:24 World

Will the war in Iran "break" US-Israeli relations? / Witkoff speaks

Trump's special envoy for the Middle East, Steve Witkoff, ...

18:50 World

Ukraine sends anti-drone experts to three Middle Eastern countries

Ukrainian President Volodymyr Zelensky has announced that ...

18:33 World

Forbes publishes list of world's billionaires

Forbes has released its 40th annual "World's Billionaires"...

17:44 World

Israel says it is not seeking endless war with Iran

Israel is not seeking an endless war with Iran and will co...

17:35 World

European countries are strengthening the defense of the Mediterranean / Key developments since the start of the war in Iran

Since the US and Israel's war with Iran began late last mo...

17:27 World

Impasse over the election of the new president/ British Ambassador in Pristina meets with Osmani

The British Ambassador to Pristina, Jonathan Hargreaves, h...

17:16 World

Shooting at US consulate in Toronto

Gunshots were fired at the U.S. Consulate in Toronto today...

15:40 World

US Air Force General: We have sunk more than 50 Iranian ships

The chairman of the Joint Chiefs of Staff, Air Force Gener...

15:28 World

Experts warn that oil prices could reach $150/barrel

The US-Israeli war with Iran has caused the largest oil di...

15:14 World

Hegseth warns: US bombing against Iran will increase significantly

US strikes against Iran will reach a new intensity on Tues...

14:57 World

Trump: We may hold talks with Iran, depends on the terms of the negotiations

US President Donald Trump said in an interview with the Am...

12:55 World

Netanyahu: Israel is 'breaking the bones' of the Iranian regime

Israeli Prime Minister Benjamin Netanyahu stated that Isra...

12:30 World

Meteorite hits roof of house in Germany

A meteorite fragment fell on the roof of a house in the ci...