G7 agrees to release up to 100 million barrels of oil and diesel over four months amid U.S. export ban threat

G7 leaders agreed to a coordinated IEA-managed release of up to 100 million barrels of crude and diesel over four months, with a front-loaded diesel release in the first 20 days, and committed to avoid intra-bloc export restrictions. The measure targets tight middle-distillate supply and aims to cap price spikes, increasing near-term supply expectations for refined products and crude benchmarks despite ongoing geopolitical and shipping-risk headlines.