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Tightening global diesel markets prompted the International Energy Agency to call on its members to accelerate previously agreed releases from strategic oil reserves, prioritising diesel. The IEA also asked member states to assess "whether additional diesel releases are necessary".View on euronews
Aramco warns the global oil supply cushion is dangerously thin, with inventories potentially taking two years to replenish once Hormuz reopens, leaving markets vulnerable to further shocks.
Oil prices fell by more than 1% in early trading on Monday as expectations of additional Russian diesel supplies and a possible Russia-