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G7 Oil Release: 100 Million Barrels to Ease Soaring Prices

G7 Oil Release: 100 Million Barrels to Ease Soaring Prices

AI-generated representative image: Industrial crude oil storage tanks and a refinery, illustrating emergency strategic oil reserves.

Coordinated IEA emergency diesel and crude reserve release begins immediately, lasting four months to curb record energy costs.

By Editorial Team•Oct 3, 2026 · 3:15 PM
US Tariffs on Canadian Dairy Stall Sales, Spark Milk Dumping Fears
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US Tariffs on Canadian Dairy Stall Sales, Spark Milk Dumping Fears

A 50 percent US tariff has halted cross-border dairy trade, leaving farmers facing an uncertain future in a perishable-goods industry.

Trump Urges Zelenskyy to Halt Strikes on Russian Diesel Refineries
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Trump Urges Zelenskyy to Halt Strikes on Russian Diesel Refineries

US president links Ukrainian drone attacks on oil infrastructure to record diesel prices as Kyiv defends refineries as military targets

Oil Prices Hit Six-Week High as US-Iran Strikes Escalate in Hormuz
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Oil Prices Hit Six-Week High as US-Iran Strikes Escalate in Hormuz

Brent crude nears $97 as tanker attacks deepen global supply fears and push US fuel costs higher

EU Places ChatGPT, Reddit, Roblox Under Strictest DSA Regulation Tier
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EU Places ChatGPT, Reddit, Roblox Under Strictest DSA Regulation Tier

Digital Services Act designations impose heightened content moderation on US platforms, fueling transatlantic free speech tensions

Iran Economy Collapse Warning: US Treasury Sanctions Escalate
Business

Iran Economy Collapse Warning: US Treasury Sanctions Escalate

Scott Bessent says Tehran is taking new sanctions seriously as Washington prepares weekly penalties under Operation Economic Outcast.

US Nears Deal for Long-Term Access to Venezuelan Oil Fields
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US Nears Deal for Long-Term Access to Venezuelan Oil Fields

Trump administration talks could open 17 crude fields to American producers under a lease model

Canada Retaliatory Tariffs on US: Trade War Escalates
Business

Canada Retaliatory Tariffs on US: Trade War Escalates

Carney matches Washington's 50 percent levies dollar for dollar on steel, dairy and electronics

Fifa World Cup Stake Sale to Tech Investors Collapses Amid Backlash
Business

Fifa World Cup Stake Sale to Tech Investors Collapses Amid Backlash

How Silicon Valley's Thrive Eternal consortium pursued a $20 billion World Cup investment deal — and why football's governing body was forced to walk away.