G7 coordinated oil release aims to curb energy price surge

G7 leaders agreed to release 100 million barrels of crude oil and diesel from strategic reserves over four months to contain rising global fuel prices. The coordinated effort through the International Energy Agency begins immediately, with member countries pledging no export restrictions to ease inflationary pressures.

The joint measures would help ease inflationary pressures resulting from rising oil prices.

Read the full story in News Majlis › View at BNA WORLD ›