Global energy markets experienced their first correction in a long time amid decisive statements from leaders of the G7 countries and key commodity exporters. Following a protracted rally triggered by the blockade of the Strait of Hormuz and strikes on infrastructure in Bahrain, benchmark oil prices began to decline, falling back below $108 per barrel. Investor optimism was fueled by reports of preparations for a large-scale coordinated intervention to release strategic fuel reserves. According to the Financial Times, the International Energy Agency may assume operational control of this process, which should ensure supply stability amid the severe shortages caused by the Middle East conflict.

Three G7 countries, including the United States, have already expressed official support for the idea of ​​a large-scale injection of crude into the market. American officials believe that to effectively reduce price inflation, it would be appropriate to release 300 to 400 million barrels of oil from storage. This is a significant amount, considering that the G7 countries' combined reserves are estimated at 1,2 billion barrels. In parallel with the Western countries' initiative, Saudi Arabia has made an important proposal. Riyadh has declared its readiness to organize urgent additional oil supplies, sending a powerful signal to markets that had feared a complete halt in exports from the Persian Gulf region. These actions are aimed at preventing a global recession, the threat of which has become a reality following the record surge in prices earlier this month.

Despite the positive reaction from the stock exchanges, experts warn that the use of strategic reserves is a temporary measure that does not address the fundamental problem of maritime security. While Washington discusses joint action with Netanyahu and Mojtaba Khamenei strengthens his radical wing in Tehran, the risk of new attacks on refineries and tankers remains. Nevertheless, Saudi Arabia's willingness to use its spare capacity and the G7's determination to release state storage facilities have temporarily allayed panic. For countries like the UK, where gas reserves have depleted to critical levels, this news offers hope of averting a complete energy collapse in the coming weeks. Future price movements will depend on how quickly the promised millions of barrels reach end consumers and whether diplomatic efforts can unblock key trade arteries.