G7 agrees to release 100 million barrels of oil

G7 agrees to release 100 million barrels of oil

G7 leaders announced a coordinated release of up to 100 million barrels of oil and diesel from emergency reserves within four months, following intense pressure from US President Donald Trump. Trump had threatened to ban US diesel exports unless European allies, particularly France and Germany, tapped their stockpiles to ease soaring global fuel prices.

Hot on The week ending October 2, 2026 · #11 story of that period · 28 articles from 19 sources