GERMANY AND AUSTRIA TO TAP OIL RESERVES AFTER 400 MILLION BARRELS REQUESTED. (PHOTO).
Germany and Austria to tap oil reserves after 400 million barrels requested Germany and Austria announced they are releasing portions of their oil reserves in response to an International Energy Agency request for member nations to collectively release 400 million barrels to help ease rising energy prices linked to the Iran conflict. Japan also said it will begin releasing part of its reserves starting Monday. The move marks one of the largest coordinated releases of emergency oil stocks in history. The previous record came in 2022, when IEA members released 182.7 million barrels following the energy disruptions caused by Russia’s invasion of Ukraine. Member countries currently hold over 1.2 billion barrels of public emergency oil stocks, along with an additional 600 million barrels of industry stocks maintained under government requirements. The release comes amid heightened tensions in the Persian Gulf, where Iran has targeted commercial ships and disrupted shipping throug...
The Queen attends a private preview of the Royal Collection Trust's 'Fashioning a Reign: 90 Years of Style from The Queen's Wardrobe' exhibition at Buckingham Palace.Spanning ten decades,from the christening gown worn by the month-old Princess Elizabeth in 1926,to the vivid green ensemble worn by The Queen at this year's Trooping the Colour,the exhibition explores ceremonial and military attrire,dress for State occasions and overseas tours,oufits for family celebrations,and Her Majesty's support of British design.
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