G7 to release 100 million barrels of oil and diesel after Trump export ban threat

The G7 plans a coordinated release of oil and diesel to curb further price spikes and avert a ban on US diesel exports.

The Chestnut Post Staff · October 2, 2026 at 6:15 PM EDT

G7 to release 100 million barrels of oil and diesel after Trump export ban threat

The G7 is set to release 100 million barrels of oil and diesel in a coordinated move following Trump's threat to ban US diesel exports, BBC News reports.

The release aims to limit further price spikes while heading off the threatened export restriction.

Originally reported by BBC News. Read the full story at BBC News

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