The Group of Seven (G7) wealthy democracies plan to release 100 million barrels of oil and fuel products in the coming weeks, starting immediately with a “frontloaded substantial release” of diesel.

According to G7 countries, the move would begin immediately and would last for four months.

President Donald Trump announced the action ahead of the November 3 midterm elections as his economic approval ratings hit a new low. Surging oil and diesel prices,........

© The News International