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💬 G7, IEA DISCUSS LARGEST STRATEGIC OIL #RELEASE EVER
G7 nations said they support “proactive measures,” including releasing strategic oil reserves, to calm surging crude prices. The group is in talks with IEA’s 32 member countries, reportedly considering a 400 MILLION barrel release, the LARGEST in history, WSJ reports. This is more than double the 182M barrels released in 2022 after Russia invaded Ukraine. Countries are expected to decide on the proposal Wednesday. #crypto