With oil exports through the Strait of Hormuz halted, concerns over global energy supplies are mounting.
In response, the International Energy Agency (IEA) is convening meetings with G7 countries to discuss potential solutions.
A key topic under consideration is whether these nations should tap into their strategic petroleum reserves to stabilize the market.
CBS News reporter Kati Weis is closely following the ongoing debate and will provide updates on the developments.
https://www.cbsnews.com/video/oil-shortage-high-gas-prices-debate-strategic-petroleum-reserve/