Brussels, 3 October, 2026 (Ghufran): Group of Seven (G7) countries have agreed to release 100 million barrels of diesel and crude oil from emergency reserves and pledged to refrain from imposing energy export restrictions among member states following pressure from US President Donald Trump. The United States had urged European countries to draw down emergency diesel inventories, with the Trump administration ,that failure to act could result in restrictions on US diesel exports. Trump later said the United States would not impose a diesel export ban, despite previously saying the measure was under consideration. In a joint statement, the G7 said the release would be coordinated through the International Energy Agency (IEA), taking into account commitments already fulfilled. The release will begin immediately and continue for four months, with a substantial amount of diesel expected to be released within 20 days by G7 members and partner countries. The statement did not specify the exact quantities of crude oil, diesel and other petroleum products to be released by individual countries. The agreement follows the largest emergency oil stock release in history, involving 400 million barrels in March after the Iran war disrupted global energy supplies. IEA Executive Director Fatih Birol said members had already released around two-thirds of that amount. The G7 also agreed to refrain from imposing energy export restrictions on one another, a move that could reduce pressure on Washington to restrict US diesel exports. European countries have increased imports of US diesel this year as disruptions in Gulf supplies affected regional energy markets. The G7 agreement comes as the Trump administration seeks to lower fuel prices and reduce the impact of high energy costs on consumers and industries heavily dependent on diesel, including trucking and agriculture.