business
G7 to release 100 million barrels of oil and diesel, will it curb prices?
Global energy prices have soared due to the US and Israel’s war on Iran and Russia’s war on Ukraine.
The Group of Seven (G7) countries have agreed to release 100 billion barrels of crude oil and diesel from emergency reserves over several months in an effort to reduce soaring energy prices after pressure from United States President Donald Trump.
Th... [8955 chars]
Read Full ArticleShare this story
Up next
Related Stories
OpenAI cancels release of latest AI model over safety concerns
Al Jazeera
AI model Claude discovers CRISPR-like enzyme system, Anthropic says
Al Jazeera
As AI leaders warn of catastrophe, US and China shun slowdown calls
Al Jazeera
Why have US prosecutors labelled China’s Huawei a criminal enterprise?
Al Jazeera
Surging Treasury yields don’t signal a U.S. 'fiscal apocalypse' — yet
cnbc.com