G7 to Release 100 Million Barrels from Emergency Oil Reserves Amid Surging Prices

G7 leaders have agreed to a coordinated release of 100 million barrels from emergency oil reserves over four months, including a substantial diesel release within the first 20 days, in response to rising prices and volatility in global energy markets. The group also reaffirmed its commitment to avoid energy export restrictions among G7 countries and urged producers to do the same.