G7 Opens the Oil Taps: 100 Million Barrels to Hit the Market as Trump Claims Victory
The G7 has agreed to coordinate the release of 100 million barrels of oil reserves over four months, with a substantial frontloaded diesel release during the first 20 days. The move marks a major intervention in an increasingly strained global energy market, as the group seeks to contain price shocks, keep energy trade flowing and respond to disruptions linked to the Middle East and the Strait of Hormuz.