Global Energy Markets

- G7 agrees to release 100 million barrels of diesel and crude from strategic reserves. - South Korea threatens legal action if fuel shipments to Russia violate domestic law. - Global diesel prices hit record highs due to export bans in China and Russia, with OPEC+ expressing concern over attacks on energy infrastructure. - President Trump allows cheaper, dyed diesel for highway use to address high fuel costs.

Recent headlines

• Trump to speak to Putin on plague as US, UN urge transparency — france24_en
• Is the West’s 100-Year Venezuela Oil Bet About To Backfire? — oilprice
• G7’s 100 Million Barrel Release Is Mostly Already Priced In — oilprice
• Global Diesel Crunch Fuels New Wave of Energy Nationalism — oilprice
• South Korea threatens legal action if fuel shipments to Russia found to have broken law — guardian_world