G-7 agrees to release oil reserves to reduce fuel prices after U.S. pressure - The Washington Post
G-7 agrees to release oil reserves to reduce fuel prices after U.S. pressure - The Washington Post
Source: The Washington Post
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DW NOTE
The G-7 wants to release strategic reserves while the Strait of Hormuz is in its eighth month of closure and global supply is down 6% for the year. That's not price relief, that's burning the furniture to heat the house while the oil tanker sits immobilised in the Gulf.