{
  "id": 11479950,
  "title": "G7 nations will release 100 mil. barrels of oil and diesel fuel after prices soar",
  "url": "https://urgent.news/2026/10/02/g7-nations-will-release-100-mil-barrels-of-oil-and-diesel-fuel-after-11479950",
  "topic": "world",
  "section": "World",
  "published": "2026-10-02T16:42:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/world/20261003/g7-nations-will-release-100-mil-barrels-of-oil-and-diesel-fuel-after-prices-soar"
  },
  "original_language": "en",
  "account": "The Group of Seven industrial nations announced on Friday their plan to release 100 million barrels of oil and fuel products over the upcoming weeks, beginning with a significant quantity of diesel. President Donald Trump stated that the diesel release would occur \"immediately,\" while the G7 statement pledged a \"frontloaded substantial release\" of diesel within the next 20 days. The announcement comes as the president faces pressure to tackle the issue of surging fuel prices ahead of the upcoming midterm elections in November. Trump's approval ratings on the economy plummeted to a new low, according to an AP-NORC poll, as the ongoing Iran war and his trade disputes have driven up U.S. prices for oil and other commodities. Gas prices in the U.S. and globally have skyrocketed during the eight-month-long war, a cost that Trump has repeatedly deemed necessary to prevent Iran from acquiring nuclear weapons. Currently, the national average for a gallon of diesel in the U.S. stands at $6.37, according to AAA, after reaching a record high on Friday.",
  "summary": "WASHINGTON — The Group of Seven industrial nations said Friday that they plan to release 100 million barrels of oil and fuel products in the coming weeks, starting with “substantial” amounts of diesel after the fuel recently hit record high prices in the United States. President Donald Trump said the diesel release would happen “immediately,\" while a G7 statement promised a “frontloaded…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "Financial Times",
        "title": "Diesel falls sharply as EU considers releasing 50mn barrels under pressure from Trump",
        "url": "https://urgent.news/2026/10/02/diesel-falls-sharply-as-eu-considers-releasing-50mn-barrels-under",
        "published": "2026-10-02T10:13:05.000Z"
      },
      {
        "outlet": "The Island Sri Lanka",
        "title": "EU rejects Trump’s diesel demand amid Iran war shortages",
        "url": "https://urgent.news/2026/10/02/eu-rejects-trumps-diesel-demand-amid-iran-war-shortages",
        "published": "2026-10-02T12:28:00.000Z"
      },
      {
        "outlet": "Live Mint",
        "title": "Trump weighs diesel export ban; Macron rallies G7 leaders over surging energy prices — inside transatlantic energy clash",
        "url": "https://urgent.news/2026/10/02/trump-weighs-diesel-export-ban-macron-rallies-g7-leaders-over-surging",
        "published": "2026-10-02T12:45:42.000Z"
      },
      {
        "outlet": "CityNews",
        "title": "Trump: Europe agrees to release diesel reserves ‘immediately’ as fuel prices hover near record highs",
        "url": "https://urgent.news/2026/10/02/trump-europe-agrees-to-release-diesel-reserves-immediately-as-fuel",
        "published": "2026-10-02T14:11:10.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "G7 nations agreed to release 100 million barrels of oil, including diesel, a boost for Trump",
        "url": "https://urgent.news/2026/10/02/g7-nations-agreed-to-release-100-million-barrels-of-oil-including",
        "published": "2026-10-02T14:19:59.000Z"
      },
      {
        "outlet": "Bernama",
        "title": "World : G7 Nations Will Release 100 Mln Barrels Of Oil And Diesel Fuel After Prices Soar",
        "url": "https://urgent.news/2026/10/02/world-g7-nations-will-release-100-mln-barrels-of-oil-and-diesel-fuel",
        "published": "2026-10-02T14:31:53.000Z"
      },
      {
        "outlet": "DW News",
        "title": "Trump, Macron confirm Europe will release diesel stockpiles after US requests",
        "url": "https://urgent.news/2026/10/02/trump-macron-confirm-europe-will-release-diesel-stockpiles-after-us",
        "published": "2026-10-02T15:02:00.000Z"
      },
      {
        "outlet": "The Hill",
        "title": "Europe to release 100M barrels of fuel amid high prices",
        "url": "https://urgent.news/2026/10/02/europe-to-release-100m-barrels-of-fuel-amid-high-prices",
        "published": "2026-10-02T15:03:33.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "G7 nations will release 100 mil. barrels of oil and diesel fuel after prices soar",
        "url": "https://urgent.news/2026/10/02/g7-nations-will-release-100-mil-barrels-of-oil-and-diesel-fuel-after",
        "published": "2026-10-02T16:22:04.000Z"
      },
      {
        "outlet": "Hindustan Times - World News",
        "title": "G7 nations will release 100 million barrels of oil and diesel fuel as fuel prices soar",
        "url": "https://urgent.news/2026/10/02/g7-nations-will-release-100-million-barrels-of-oil-and-diesel-fuel-as",
        "published": "2026-10-02T17:11:50.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}