Clarity needed on Iran war before states tap into oil reserves, French Finance Minister says

This is an entry from: Live: Iran's supreme leader reportedly says enriched uranium must stay in the country Clarity needed on Iran war before states tap into oil reserves, French Finance Minister says 22 May 2026 05:44 BST France's Finance Minister said that governments should first have clarity on the duration of the war on Iran before releasing oil reserves. "We cannot release stocks — which are by nature finite — without having visibility on the duration and intensity of the conflict at this stage," Roland Lescure told the Financial times. He indicated that even when the Strait of Hormuz - a critical waterway - is opened, it will take several weeks for oil supplies to reach countries all over the globe.