G7 to Release 100M Barrels of Oil and Diesel via IEA to Curb Prices

G7 nations announced a coordinated release of 100 million barrels of oil and diesel through the IEA over four months, with a significant portion of diesel available within the first 20 days. This is a supply-side intervention aimed at containing price spikes, likely in response to recent market tightness. The effectiveness depends on actual delivery and whether other producers offset the release.