IEA Releases 325 Million Barrels as G7 Plans New Reserve Draw

IEA members have released about 325 million barrels from strategic reserves, over 80% of the 400 million pledged in March. The G7, coordinating with the IEA, agreed to a fresh 100-million-barrel release over four months, frontloading diesel within 20 days. The squeeze has shifted from crude to refined products, with Ukrainian strikes on Russian refineries tightening diesel supply.