G7 is releasing 100M barrels of diesel and crude through the IEA over four months, with a frontloaded diesel slug in the first 20 days. That's aimed straight at a record $6.53/gal US diesel print, tho

What happened: The EU and G7 partners agreed on Friday (2 October) to a coordinated release of 100 million barrels of diesel and crude through the IEA over four months, after a call initiated by French president Emmanuel Macron following talks with US president Why it matters: Trump had pressured EU leaders all week, and Washington warned France, Germany, Italy, Ireland and the UK they could face US diesel export bans. The EU rejected the suggestion it buckled to US pressure, and its oil coordination group found no immediate supply security issue. Separate each section with a blank line.

The EU and G7 partners agreed on Friday (2 October) to a coordinated release of 100 million barrels of diesel and crude through the IEA over four months, after a call initiated by French president Emmanuel Macron following talks with US president

Trump had pressured EU leaders all week, and Washington warned France, Germany, Italy, Ireland and the UK they could face US diesel export bans. The EU rejected the suggestion it buckled to US pressure, and its oil coordination group found no immediate supply security issue. Separate each section with a blank line.