Brief by Shorts91 Newsdesk / 10:16am on 03 Oct 2026,Saturday International
G7 nations have agreed to coordinate with the International Energy Agency (IEA) to release 100 million barrels of diesel, crude oil and other emergency reserves, aiming to stabilise global energy markets. The release will begin immediately and continue for four months, according to a joint statement issued on October 2. A substantial portion of the diesel reserves will be released within the first 20 days by G7 members and partner countries. The decision comes amid tight global fuel supplies and sharply higher diesel prices. The G7 has also reaffirmed commitments against energy export restrictions among its members. (PC: Reuters)
