The Group of Seven nations have directed the International Energy Agency to develop contingency plans for releasing emergency oil stockpiles as Middle East tensions disrupt global energy markets. This request comes amid escalating regional conflicts that threaten oil supply stability and price volatility.

Energy ministers from the G-7 emphasized the need for coordinated action to stabilize markets if supply disruptions occur. The IEA, which maintains strategic petroleum reserves for member nations, would coordinate any coordinated release of stockpiles to cushion potential price shocks. Such releases have historically been used during major supply disruptions, like the 1991 Gulf War and 2011 Libyan conflict.

The move signals growing concern among major economies about energy security as the Middle East crisis deepens. With oil prices already volatile, the G-7's proactive approach aims to demonstrate preparedness and potentially deter speculative trading. The IEA's analysis will likely focus on optimal timing and scale of any potential release to maximize market impact while preserving strategic reserves.