G7 nations to release 100 million barrels of oil stocks to stabilise prices

G7 nations will release 100 million barrels of oil stocks through the IEA over four months, including a "substantial diesel release" within the first 20 days. This aims to stabilise global energy markets and crude prices that have soared past $100/barrel amid the US-Iran war. Trump earlier said Europe "has agreed to release...massive amount of their heavily stocked Diesel ​Oil."