Sources said the IEA and EU on Wednesday discussed a proposal to release crude oil and diesel inventories, likely including volumes pledged in March. Supply disruptions tied to Iran tensions and the war in Ukraine have damaged refineries and tanker routes, pushing diesel to record highs and adding to inflationary pressure and costs for trucking and agriculture. The G7 last Friday agreed a 100 mln-barrel release; US president Trump warned he could ban US diesel exports if the G7 did not release m

Sources said the IEA and EU on Wednesday discussed a proposal to release crude oil and diesel inventories, likely including volumes pledged in March. Supply disruptions tied to Iran tensions and the war in Ukraine have damaged refineries and tanker routes, pushing diesel to record highs and adding to inflationary pressure and costs for trucking and agriculture. The G7 last Friday agreed a 100 mln-barrel release; US president Trump warned he could ban US diesel exports if the G7 did not release more diesel. It remains unclear how much diesel versus crude would be released; IEA member states and the EU oil coordination group met Wednesday to discuss the plan.