G7 to release 100 million barrels of oil and diesel

The G7 has agreed to release 100 million barrels of crude oil and diesel from emergency reserves over four months to ease soaring energy prices. The move follows disruptions from the US-Israel war on Iran and Ukraine's attacks on Russian refineries. Diesel prices hit a record $6.50 a gallon, and Brent crude briefly fell below $100 after the announcement.