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G7 releases oil reserves as diesel crisis deepens
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The G7 has agreed to release 100 million barrels of diesel and oil from emergency reserves after a crisis meeting, aiming to ease a supply crisis and an escalating feud between Europe and the US. Iran has vowed to keep the Strait of Hormuz closed until the US meets its demands, while UK Energy Secretary Miatta Fahnbulleh held emergency talks with her US counterpart.
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