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G7 to release up to 100 million barrels of oil, diesel from reserves

G7 to release up to 100 million barrels of oil, diesel from reserves

Leaders of the Group of Seven (G7) have announced plans to release up to 100 million barrels of oil from strategic reserves as global oil prices continue to surge amid the ongoing war involving the United States, Israel and Iran. The decision comes amid stalled negotiations and renewed geopolitical ...

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Verified on Oct 03, 2026

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