Business

G7 Plans Oil Release to Address Global Energy Prices

Updated 2026-10-03 09:55 UTC 1 source Neutral

The G7 nations have agreed to release 100 million barrels of oil and diesel in an effort to curb soaring global energy prices. The decision comes amid ongoing conflicts in the Middle East and Eastern Europe, which have driven up costs.

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Al Jazeera

G7 to release 100 million barrels of oil and diesel, will it curb prices?

Global energy prices have been soaring due to the US and Israel's war on Iran and Russia's war on Ukraine.

2026-10-03 09:27 UTC