← October 3, 2026 briefing
G7 Releases 100 Million Barrels of Oil After Trump Export Threat
Economy

G7 Releases 100 Million Barrels of Oil After Trump Export Threat

G7 nations have agreed to release 100 million barrels of oil and diesel from strategic reserves after Donald Trump threatened an export ban that rattled energy markets. The coordinated move is designed to stabilize supply and head off a price spike before any ban takes effect.

Sources
The Papers: 'G7 strikes oil deal' and 'Alison's TV heart scare'

The Papers: 'G7 strikes oil deal' and 'Alison's TV heart scare'

BBC · Oct 3

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