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G7 Agrees to Release 100M Barrels of Oil

Group of Seven nations agreed to release 100 million barrels of emergency oil and diesel stocks to help cool fuel prices. The coordinated move follows intense pressure from the United States.

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French President Emmanuel Macron (C) speaks next to French Presidential advisor Emmanuel Bonne (L), France's Economy, Finance and Industry Minister Roland Lescure, Secretary-General of the Office of the President of the French Republic Pierre-Andre Imbert and Camille Morfouace de Broucker following a video conference with G7 leaders from the Elysee Presidential Palace in Paris on October 2, 2026.
A fuel nozzle refuels a vehicle at gas station as the German government's tax cut on fuel comes into effect, in Berlin, Germany, October 01, 2026.
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