IEA: Members release 325M barrels of oil

The International Energy Agency announced that member countries have released a total of 325 million barrels from emergency oil reserves so far, out of the 400 million barrels they pledged in March in response to the war in the Middle East and its impact on global energy supplies. This comes after the G7 agreed to release 100 million barrels of oil and diesel over the next four months, with the aim of easing rising prices and addressing supply disruptions caused by regional tensions, without imposing any ban on diesel exports between countries.

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