{
  "id": 11550161,
  "title": "G7 agrees to release 100 million barrels to ease global energy crunch",
  "url": "https://urgent.news/2026/10/02/g7-agrees-to-release-100-million-barrels-to-ease-global-energy-crunch",
  "topic": "world",
  "section": "World",
  "published": "2026-10-02T23:04:35.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/world/world/2026/10/1546522/g7-agrees-release-100-million-barrels-ease-global-energy-crunch"
  },
  "original_language": "en",
  "account": "G7 nations have reached an agreement to release 100 million barrels of diesel and crude oil to alleviate global energy supply concerns, according to a statement released by French President Emmanuel Macron's office. The decision came after US President Donald Trump agreed not to impose a threatened diesel export ban, following pressure from European countries. The G7, comprising Britain, Canada, Germany, Italy, Japan, and the United States, convened a video conference chaired by Macron to coordinate a response to soaring fuel prices. The escalating conflict between the US and Iran has driven energy prices to record highs, affecting both domestic and international markets. The release of the 100 million barrels of oil will begin immediately over a period of four months, with a significant portion of diesel being released within the first 20 days. The G7 reaffirmed its commitment to refrain from export restrictions on energy and energy products between member countries and called on all producers to refrain from imposing bans that could exacerbate market tensions.",
  "summary": "PARIS: G7 countries agreed Friday to release 100 million barrels of diesel and crude oil to ease global energy supply concerns, as President Donald Trump hailed the decision and said the US would not impose a threatened diesel export ban.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}