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G7 Taps 100m Barrels of Emergency Stock, Easing Diesel Panic While War Risk Migrates to Bab el-Mandeb
A coordinated IEA drawdown of up to 100m barrels — reported to be roughly half diesel — has blunted the immediate middle-distillate shock, but Iran-war supply damage, a possible Russian export thaw and a reported Saudi offensive to reopen the Red Sea are reshaping where the next price and freight squeeze comes from.
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