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G7 countries to release oil reserves in global push to tackle Iran war energy price surge
RIYADH: Germany, Japan and Austria will release part of their oil reserves after the International Energy Agency recommended the release of 400 million barrels of oil from stockpiles, the largest such move in IEA history. Germany’s Economy Minister Katherina Reiche confirmed on Wednesday her government plans to limit petrol price increases at filling stations to once a day and to introduce more stringent antitrust regulation of the sector.
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theguardian.com
G7 to discuss release of emergency oil reserves as price tops $100
US among three countries so far backing measure triggered by Middle East war, according to reports
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upi.com
G7 finance ministers meet to discuss releasing emergency oil reserves - UPI.com
A near 14% jump in oil prices due to the Iran war triggered an emergency meeting of the G7 with plans to release strategic reserves top of the agenda.
