The Group of Seven (G7) nations have agreed to release 100 million barrels of crude oil and diesel from their strategic reserves over four months, in a move aimed at easing the global energy supply crisis and rising fuel prices.
The agreement was reached under the chairmanship of French President Emmanuel Macron, according to reports from France. The move follows a warning from US President Donald Trump.
G7 move to address energy supply concerns
The planned release is intended to bring additional oil and diesel to the market as concerns grow over energy supplies and fuel costs. The agreement covers a total of 100 million barrels from the participating nations' strategic reserves.
The decision comes after Trump's warning, as reported by RatoPati, NepalViews and Thaha Khabar.
