
The move follows a March pledge by G7 members to release 426 million barrels of oil and refined products, with the U.S. joining France, Germany, Italy, Japan, the UK, Canada and EU representation. France, rotating G7 presidency, said the release should lower prices, while EU countries had already committed 92 million barrels of refined products. Energy analysts say the first front‑loaded diesel batch could trim U.S. retail prices by 25–50 cents per gallon, whereas European diesel imports may temporarily fall. Republican lawmakers have urged a domestic diesel export ban, but Trump said the U.S. would not impose one and would instead meet its international commitments. Experts warn that depleting strategic reserves risks future supply shortages amid ongoing conflicts, and that the G7 will need to refill stocks when prices drop, a process whose timing remains uncertain; the first batch is scheduled for release next week.