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G7 agrees to release diesel and oil stocks after US pressure

Original: EXCLUSIVE: G7 countries agree on release of diesel and oil stocks after US pressure

G7 countries have agreed to release diesel and oil from their strategic reserves following pressure from the United States, according to a Reuters exclusive. The coordinated move would aim to ease tight fuel supplies and calm prices. Details on the size and timing of the releases were not given in the report.

Why now: Fuel prices and energy supply are a live concern, and a coordinated G7 reserves release would be a significant market-moving decision.

G7United StatesReuters

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