PARIS, March 10 (Reuters): French President Emmanuel Macron will convene a ​call with leaders of the Group of on Wednesday to discuss the Iran crisis and rising energy prices, the French president's office said.

The talks come ​as G7 governments weigh how to respond ​to a sharp rise in oil prices triggered ⁠by the U.S.-Israeli war on Iran.

G7 energy ministers stopped ​short of agreeing on a release of strategic ​oil reserves on Tuesday and instead asked the International Energy Agency to assess the situation before acting.

Benchmark oil prices ​surged to almost four-year highs on Monday but ​prices plummeted 11% on Tuesday after U.S. President Donald Trump ⁠the war in the Middle East could end soon.

U.S. officials are also weighing steps to keep oil flowing through the Strait of Hormuz, including providing ​naval escorts ​for commercial ⁠vessels and backstopping war risk insurance for tankers, as Washington seeks to ​reassure shippers and prevent further disruption ​to global ⁠energy supplies.

The G7 comprises the United States, Canada, Japan, Italy, Britain, Germany and France.

France is the ⁠current ​G7 chair.

Photo from Reuters