World Business NewsG7 to discuss joint release of emergency oil reserves, FT reports
Finance ministers to discuss move with IEA after crude jumps over 25% on supply cuts and shipping disruption fears
Mar 9, 2026
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World Business News
World Business NewsUS energy chief defends waiver on Russian oil sanctions, blames fear for higher gas prices
Temporary waiver for Russian oil to India eases market pressure, US Energy Secretary Wright says
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World Business NewsIran war threatens prolonged hit to global energy markets
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World Business NewsUS-Israel war with Iran sends shockwaves through global business
Middle East conflict disrupts trade flows, lifts energy prices as global economy already strained by US tariffs
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World Business NewsIran war sends US crude futures up 12% a barrel
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World Business NewsBarclays says Brent could test $120/bbl if Middle East tensions persist
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World Business NewsQatar energy minister says Iran war could push oil to $150 a barrel
Saad al-Kaabi says energy producers across the Gulf could be forced to declare force majeure if the conflict continues
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World Business NewsWall Street's three main indexes close down as oil spikes 12%, job market weakens
Dow 0.95%, S&P 1.33%, Nasdaq 1.59%; Weak jobs report raises concerns about U.S. economic cooling
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World Business NewsJapan, France, Canada work on alternatives to US-led trade bloc for rare earth supplies
Japan funds rare earth projects with allies for supply chain diversification; France supports quota system and buyers' alliance for strategic minerals; Canada adds Australia to critical minerals production alliance
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