G20 energy ministers to collaborate to keep market stability - Reuters

G20 energy ministers to collaborate to keep market stability - Reuters:

Energy ministers from the Group of 20 major economies have shared concerns over attacks on tankers in the Gulf and will collaborate to maintain stability in the oil market, Japan’s Industry Minister Hiroshige Seko said on Saturday.

Two tankers, one operated by a Japanese shipping company, were attacked on Thursday. The United States blamed Iran for the attacks, raising concerns about a confrontation and driving up oil prices.

“The most important thing was that we have shared an understanding among energy ministers that we need to work together to deal with the recent incidents from energy security point of view,” Seko told reporters at a meeting of G20 energy and environment ministers being held this weekend in Karuizawa.