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Al-Saba' to support Strait of Hormuz navigation efforts

Al-Saba' to support Strait of Hormuz navigation efforts

The article focused on the G7 group's efforts to coordinate their strategy to restore freedom of navigation in the Strait of Hormuz. The leaders agreed to enhance cooperation and mobilize oil reserves to reduce prices, as well as to confirm that no restrictions would be imposed on exports from member countries, in order to curb the rising fuel prices caused by regional tensions, particularly Iran's war. The statement also mentioned a plan to release 100 million barrels of oil from reserves over four months to support markets and achieve stability in international navigation.

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