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

The G7 announced the release of 100 million barrels of oil and diesel to ease supply concerns that caused prices to soar. A substantial release of diesel is planned within 20 days, with discussions on additional releases as needed. The measure, starting immediately and lasting four months, follows former US President Donald Trump's threat to ban diesel exports if Europe did not release more of its stocks onto the market.