G7 Nations Agree to Release 100 Million Barrels of Diesel and Crude Oil from Reserves to Stabilize Energy Markets

Following pressure from the United States, G7 countries have collectively agreed to release 100 million barrels of diesel and crude oil from their emergency reserves through the International Energy Agency (IEA). This coordinated action, announced on Friday, October 2, 2026, aims to stabilize global energy markets and will begin immediately, with a substantial frontloaded diesel release within 20 days by G7 members and partners.