US among three countries so far backing measure triggered by Middle East war, according to reportsIran war drives oil prices above $100 a barrelBusiness live – latest updatesG7 finance ministers are preparing to discuss the release of emergency oil reserves, according to reports, after the US-Israel war with Iran sent the price of crude above $100 (£75) for the first time since 2022.The ministers will discuss the release of the reserves in a call coordinated by the International Energy Agency (IEA), according to a report from the Financial Times. Continue reading...