Economy · World
G7 Agrees to Release Diesel Reserves Amid Rising Fuel Prices
Leaders from the G7 nations have agreed to release 100 million barrels of diesel and other reserves through the International Energy Agency (IEA) in response to rising global fuel prices. The decision follows pressure from the United States on European allies to tap into strategic reserves. In the UK, diesel prices reached a record high of £2 per litre. France had proposed that EU nations and IEA members release oil and diesel from their reserves, citing concerns driven by the Iran war.
How outlets across the spectrum covered it
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- Left (3): Al Jazeera English, The Guardian, The Independent
- Centre (4): Business Today, Deutsche Welle, Le Monde, Reuters