The G-7 countries collectively hold about 1.1 billion barrels of strategic petroleum reserves, with the United States accounting for roughly 41% of the total. Japan maintains the largest import cover among major economies, with reserves equivalent to more than 100 days of oil demand, providing a key cushion against supply disruptions.
The MOU is to fill the world's oil stocks and then see "where the hand is", U.S. Vice-President said.
Brent crude was trading near $73 a barrel, while U.S. West Texas Intermediate hovered around $70
Putin described the fuel shortage as temporary, saying Russia would increase fuel imports, speed up refinery repairs and strengthen air defenses against future drone attacks.
Brent crude was trading near $72.45 a barrel on Monday, far below its wartime peak of more than $188 in April.
Socialism cannot win America at the ballot box. But that was never the real danger.
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Tsinghua University in Beijing, Geiss warned that autonomous weapons and AI-driven battlefield decisions are accelerating the pace of conflict, creating a dangerous global security environment.
In an interview with French newspaper Les Echos, Lagarde said an early departure was "possible" and acknowledged she is considering how she might contribute to France's political debate.
