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Archived story3 articles · 3 publishers

G7 agrees to release oil reserves as Iran vows to keep Strait of Hormuz closed

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G7 leaders have agreed to release 100 million barrels of diesel and oil from reserves after a crisis meeting, aiming to ease supply pressures and resolve a feud between Europe and the US. Iran has vowed to keep the Strait of Hormuz closed until the US meets its demands, citing conditions from a June agreement.

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G7 agrees to release oil reserves as Iran vows to keep Strait of Hormuz closed
Photo: City AM

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