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The G7 and International Energy Agency are moving to release up to 100 million barrels of oil from emergency stockpiles.

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00:00The G7 and International Energy Agency are moving to release up to 100 million barrels of oil
00:06from emergency stockpiles, including a substantial amount of diesel,
00:11as the global fuel market faces mounting pressure. The move follows threats from
00:15President Trump to restrict U.S. diesel exports to Europe unless European nations tapped their
00:22own reserves. Supply has been squeezed by the war in the Middle East, disruptions at Russian
00:26refineries and Russia's diesel export restrictions. The release is expected to provide short-term
00:33relief, but concerns remain over how long those reserves can sustain the market.

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