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G7 leaders agreed to release up to 100 million barrels of crude and diesel through the IEA over four months, including a substantial diesel release in the first 20 days. Members also agreed not to restrict energy exports to one another; Trump later said the US would not impose a diesel-export ban.
US average diesel price
Seven OPEC+ countries agreed to keep oil production steady in November. The group will meet again on Nov. 1, while the G7 plans to release oil and fuel products, including diesel.
Seven countries agreed to keep oil production steady in November
G7 foreign ministers condemned continued Houthi strikes against Saudi Arabia, called on Iran to end its support for the Houthis, and urged the group to stop attacks on civilian shipping. The statement followed an escalation in fighting in Yemen.
People who fled Yemen in recent days