As international oil prices surge, with crude prices surpassing $100 due to the ongoing war, the G7 nations are reportedly planning to hold emergency discussions on a coordinated release of oil reserves. Finance ministers from G7 countries are set to meet to evaluate the situation and consider releasing strategic petroleum reserves in order to stabilize the market. Reports indicate that the G7 is contemplating the release of up to 300 million barrels to mitigate the economic impact of rising oil prices, amid concerns that the situation may worsen due to the ongoing conflict between Iran and the US. The discussions will also include potential cooperation with the International Energy Agency (IEA) to further address the volatility in oil markets.