G7 agrees to release 100 million barrels of diesel and other reserves

Reuters reports that the G7’s October 2 statement called for a coordinated release of 100 million barrels of diesel and other reserves through the International Energy Agency. The plan called for the release to begin immediately and run over four months, with substantial diesel supplies frontloaded into the first 20 days. Hours after the agreement, Trump said he would not authorize a U.S. diesel export ban, Reuters reports.