Group also commits to keeping energy flowing between partner countries
The coordinated announcement, delivered by Macron in Paris on Friday, pairs a significant supply intervention with a pledge to maintain open energy trade among G-7 partners. The combination appears to end, at least for now, a confrontation over the prospect of U.S. restrictions on diesel exports.
Macron’s statement described the reserve release as aimed at bringing down oil product prices, particularly diesel, and the export-restraint pledge as a commitment that G-7 members would “take no measures to restrict the exchange of energy and petroleum products between partner countries.”
The 100-million-barrel figure covers both crude oil and finished fuel products. The four-month release window gives member governments a defined timeline to draw down their strategic reserves, though the individual contribution of each G-7 country was not detailed in the announcement.
Trump, writing on Truth Social, framed the deal as an immediate European commitment: European nations had agreed “to release a massive amount of their heavily stocked Diesel Oil. The process will begin immediately.” His post did not address the export-restraint component of the agreement.
The Wall Street Journal’s report noted that the announcement “would seem to end the threat of a U.S. ban on diesel exports, at least for now.” The story is developing.