The Group of Seven agreed to release 100 million barrels of crude oil and refined products over four months, with substantial diesel volumes frontloaded into the first 20 days, as Brent repeatedly traded above $100 in September and fuel-market disruptions intensified inflation concerns. The International Energy Agency will oversee the program and assess whether further action is needed. The move follows the IEA’s March emergency-release commitment, under which about 325 million barrels of a reported 400 million-barrel pledge have reached the market. Diesel shortages remain the central concern: Middle East crude exports have recovered significantly, but refined-product flows remain constrained by refinery disruptions, including attacks on Russian facilities. The United States recently offered a further 40 million barrels from its Strategic Petroleum Reserve, which is near levels last seen in 1982. Higher oil prices have also lifted Treasury yields and inflation fears, pressuring stocks and Bitcoin as investors anticipate higher borrowing costs.