G7 to release 100 million barrels of oil and diesel, will it curb prices? — Live Feedhttps://www.live-feeds.com/feed/g7-to-release-100-million-barrels-of-oil-and-diesel-will-it-curb-pricesContinuously updated, source-cited coverage. G7 to Release 100 Million Barrels of Oil and Dieselhttps://www.live-feeds.com/feed/g7-to-release-100-million-barrels-of-oil-and-diesel-will-it-curb-priceshttps://www.live-feeds.com/feed/g7-to-release-100-million-barrels-of-oil-and-diesel-will-it-curb-prices#u106332Tue, 06 Oct 2026 12:03:20 +0000Group of Seven nations agreed to release 100 million barrels of crude oil and diesel from emergency reserves through the International Energy Agency to combat soaring fuel costs. French President Emmanuel Macron announced the decision following intense pressure from the United States. Global energy costs have surged because of the United States and Israel war on Iran and Russia war on Ukraine. Meanwhile, core members of the Organization of the Petroleum Exporting Countries Plus stated they will maintain their September required production levels throughout November.Why it mattersThe emergency