04:46 AM EDT, 03/09/2026 (MT Newswires) -- The Group of Seven, or G7, finance ministers and the International Energy Agency executive director Fatih Birol will discuss on a call Monday over a possible joint release of petroleum from reserves coordinated by the IEA, the Financial Times reported Monday, citing unnamed sources familiar with the matter.

The leaders will discuss the effect of the Iran war, the people told the FT, adding that three G7 nations, including the US, are in favor of the idea to release petroleum from reserves.

Some US officials propose a 300 million to 400 million barrels joint release would be sufficient, the news outlet said, citing one unnamed source.