G7 energy ministers to meet Tuesday morning to discuss release of oil reserves, sources say - CNBC

G7 energy ministers met to consider coordinated reserve releases as tanker disruptions pushed Brent above $100 a barrel. The modest OPEC+ production increase announced for June may reduce some pressure on markets but is unlikely to replace volumes lost or at risk from Strait of Hormuz restrictions. That limited boost, together with IEA warnings about jet-fuel tightness, keeps targeted reserve releases and aviation-focused measures high on the agenda.