The decision follows last week’s G7 agreement to make 100 million barrels of crude and fuel available over four months, with diesel prioritized in the first 20 days. Those barrels fulfill earlier pledges rather than constitute a new collective release. Trump ruled out a US diesel export ban after the G7 agreement.
IEA members backed accelerating the outstanding March releases at their Oct. 7 meeting and will review the situation at the governing board’s scheduled meeting next week. About 325 million barrels have already been released, and completing all outstanding pledges would bring roughly another 100 million barrels to market.