• AFP-JIJI, KYODO, BLOOMBERG

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U.S. President Joe Biden announced Tuesday he has ordered the release of 50 million barrels of oil from the U.S. strategic reserves in a coordinated attempt with other countries — including Japan — to tamp down soaring fuel prices.

"This release will be taken in parallel with other major energy consuming nations including China, India, Japan, Republic of Korea and the United Kingdom," the White House said.

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