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Vue lecture

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U.S. and Allies Agree to Release Diesel Reserves as Prices Soar

The Group of 7, which includes Britain, France and Japan, announced the release of 100 million barrels over four months, effective immediately.

© Hilary Swift for The New York Times

The release of diesel and crude oil is designed to “stabilize immediate energy supplies,” the Group of 7 countries said in an announcement.
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Oil Flows Are Up, but Iran Is Still Menacing the Strait of Hormuz

Iran has been launching drones and missiles at commercial ships in the waterway each week, though it has often failed to strike its targets, according to a Western security official.

© Tomas Munita for The New York Times

Ships in the Persian Gulf, near the Strait of Hormuz, in July. Oil exports from the Middle East have rebounded in recent weeks.
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