NewzThe G7 has announced plans to release 100 million barrels of oil and diesel into the global market. This intervention aims to address the recent surge in energy costs that has impacted international markets.
The price increase is attributed to ongoing geopolitical conflicts, specifically the war between Russia and Ukraine as well as the conflict involving the United States, Israel, and Iran. The release is intended to mitigate the resulting supply pressures and stabilize global energy prices.
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