Countries need clarity on war before tapping oil reserves, French minister says

Published May 22, 2026 Updated May 22, 2026 09:50am

France’s Finance Minister Roland Lescure said that governments cannot decide on further oil reserve releases to ease disruption from the Iran war until the likely duration of the conflict is clearer, according to his interview with the Financial Times, Reuters reports.

Lescure told the FT a second coordinated release of strategic oil reserves was not discussed at the G7 finance ministers’ meeting in Paris this week.