Published Oct 2, 2026, 2:57 PM ET · Updated a month ago · 2 sources
G7 oil reserve release is a political maneuver for US diesel prices
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Original Report
The G7's commitment to release 100 million barrels of oil reserves over four to six months is a 'token amount,' equivalent to only one day's global supply, and is insufficient to resolve the current diesel shortage. This action is a political 'shakedown deal' orchestrated by Donald Trump to secure cheaper diesel for Americans by threatening export restrictions, aiming to boost his standing before the upcoming election.