# G-7 Releases 100 Million Barrels of Diesel

> G-7 agrees to release 100 million barrels of diesel to lower global fuel prices before U.S. elections.
- Title: G-7 Releases 100 Million Barrels of Diesel · Foreign Policy
- Summary: G-7 agrees to release 100 million barrels of diesel to lower global fuel prices before U.S. elections. G-7 nations committed to releasing 100 million barrels…
- Keywords: diesel, fuel prices, u.s. elections, international energy agency, trump, emerging markets, oil reserves, G-7, Releases, 100, Million, Barrels
- Source: Foreign Policy — https://foreignpolicy.com/2026/10/02/g7-release-emergency-diesel-crude-stockpiles-fuel-prices-trump
- Author: Alexandra Sharp
- Read time: 2 min
- Topics: g7, diesel, fuel prices, u.s. elections, international energy agency, trump, emerging markets, oil reserves
## G-7 Agrees to Release Diesel
G-7 nations agreed to release 100 million barrels of diesel and crude from reserve stockpiles over four months to rein in runaway fuel prices.
## Frontloaded Release Plan
The release includes a frontloaded substantial diesel release within the next 20 days to drop fuel prices quickly at the pump.
## U.S. Pressure on Europe
U.S. President Donald Trump threatened to ban U.S. diesel exports if European countries did not draw down emergency diesel inventories.
## European Response
Europe acquiesced to U.S. demands, with French President Emmanuel Macron stating the release will cause fuel prices to drop rapidly at the pump.
## Trump's Election Timing
Trump aims to lower domestic fuel prices before November midterm elections to boost his approval ratings among U.S. voters.
## U.S. Fuel Prices
The average price for gas across the United States is above $4 a gallon, and diesel nationwide is above $6 per gallon.
## Market Concerns
It is unclear whether 100 million barrels over four months will sufficiently lower global fuel prices or address market concerns.
## G-7 Monitoring
The G-7 requested the International Energy Agency (IEA) monitor the release to ensure effective implementation and potential additional releases.
## U.S. Approval Ratings
According to a new Associated Press poll, only 17 percent of U.S. adults approve of Trump’s handling of the cost-of-living crisis.
## Trump's Claim
Trump wrote on Truth Social that prices are dropping rapidly because of Democrats’ policies, not Republican actions.
## European Union Response
European Union trade chief Maros Sefcovic emphasized the need for cooperation to lower fuel prices across oil and gas products.
## G-7 Statement
G-7 leaders condemned Iran’s attacks on regional neighbors and disruption of international trade, energy security, and the global economy.
## China's Role
China has recently begun restricting its own diesel exports to address global energy market concerns.
## Next Steps
G-7 will convene with the IEA to discuss additional diesel releases if market concerns persist.
## Key takeaway

G-7 nations committed to releasing 100 million barrels of diesel reserves over four months to reduce fuel prices ahead of November U.S. elections.