French Government Spokesperson Maud Bregeon specified that the meeting will take place in the context of a summit in Paris on nuclear issues, with the participation of the countries that make up the Strategic Petroleum Group: Germany, Canada, the United States, Italy, Japan, and the United Kingdom, in addition to the host nation and the European Union (EU), a de facto member.
The cost of oil and gas has increased in the last few days due to the war launched at the end of February by the United States and Israel on Iran, which responded with attacks on its neighbors, where Washington has several military bases and interests.
Although statements by US President Donald Trump about the possible imminent end of hostilities caused a drop in prices, the major powers are concerned about the impact of the conflict on gas prices, as, except Canada and the United States, the others are not producers of crude oil or gas.
One issue on the table at this Tuesday’s meeting will be the use of strategic hydrocarbon reserves to reduce costs, something Paris is already working on.
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