The G7’s emergency diesel plan has created a near-term test of whether cheaper energy can ease pressure on Bitcoin.
Leaders on Oct. 2 agreed to accelerate releases from emergency fuel reserves, including a substantial amount of diesel within 20 days, as governments try to contain shortages and elevated prices that have added to inflation pressures.
The group said the International Energy Agency would make 100 million barrels available over four months, beginning immediately. It did not specify how much of the initial release would be diesel or how supplies would be divided among countries.
