G7 to release up to 100m barrels of oil and diesel from reserves, Macron says
G7 countries plan to release up to 100 million barrels of crude oil and diesel from strategic reserves over four months to ease global pressure on suuplies and prices amid the ongoing crisis in the Strait of Hormuz, French President Emmanuel Macron said. Members also agreed to keep diesel exports flowing within the group, with Macron saying they would impose “no ban” on those shipments.
G7 countries plan to release up to 100 million barrels of crude oil and diesel from strategic reserves over four months to ease global pressure on suuplies and prices amid the ongoing crisis in the Strait of Hormuz, French President Emmanuel Macron said. Members also agreed to keep diesel exports flowing within the group, with Macron saying they would impose “no ban” on those shipments.
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Latest verified updates on Iran’s regional confrontation, U.S.–Israeli strikes, missile retaliation, proxy networks, sanctions, and Strait of Hormuz risks.
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