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The Group of Seven nations agreed on 2 October 2026 to release up to 100 million barrels of crude oil and diesel from their emergency strategic reserves over the next four months, coordinated through the International Energy Agency, after Middle East supply disruptions linked to the ongoing conflict involving Iran pushed fuel prices higher. The release will be frontloaded, with a substantial diesel component released within the first 20 days by G7 members and partners. The announcement came after United States President Donald Trump pressed European governments to release their diesel stockpiles, even as China simultaneously moved to restrict its own fuel exports, adding further pressure to an already tight global diesel market.