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G7 pledges 100 million barrel oil reserve release

Original: ⚡ NEWS G7 Pledges 100 Million Barrel Oil Reserve Release Amid Middle East Tensions Oil prices declined despite ongoing M

G7 nations have pledged to release 100 million barrels of oil from strategic reserves in response to rising tensions in the Middle East. Oil prices declined despite the ongoing conflict, with crude exports from the region remaining steady, suggesting markets see supply as secure for now.

Why now: Middle East tensions are raising fears of oil supply disruption, and the coordinated G7 reserve release directly affects global energy prices.

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Evidence

• ⚡ NEWS G7 Pledges 100 Million Barrel Oil Reserve Release Amid Middle East Tensions Oil prices declined despite ongoing Middle East conflict as G7 nations pledged to release 100 million barrels from strategic reserves. Crude exports from the region remained steady, contributing… · GeoWire · 4

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