October 03, 2026
G7 Fuel Release Offers Short Term Price Relief
Bloomberg Economics economic statecraft lead and adjunct senior fellow at the Center for a New American Security Chris Kennedy tells Bloomberg This Weekend that the G7’s coordinated release of up to 100 million barrels of oil and fuel could provide near-term relief from record diesel prices, but will not resolve supply constraints tied to the Iran war and attacks on Russian refining capacity. Speaking with hosts David Gura and Christina Ruffini, Kennedy says a US diesel export ban could create unintended consequences for domestic and global fuel markets, while high diesel costs are adding economic pressure in states with competitive midterm races.
Watch the full interview on Bloomberg.
More from CNAS
-
Talking Trade with Rachel Ziemba, Ziemba Insights
Video
In the latest episode of “Talking Trade,” Rachel Ziemba of Ziemba Insights says a recent state meeting between President Donald Trump and China’s President Xi Jinping “may not...
By Rachel Ziemba
-
Former NSC China Director on Trump-Xi Summit
Video
Liza Tobin, Former China Director at the US National Security Council, adjunct senior fellow at the Center for a New American Security, and Managing Director of Garnaut Global...
By Liza Tobin
-
China’s Broken Economy with Logan Wright
Podcast
China expert Logan Wright joins Emily and Geoff to talk about China’s broken economy. He explains why the country isn’t going back to high growth rates anytime soon, and what ...
By Emily Kilcrease & Geoffrey Gertz
-
A $5,000 Bike Shows Why It’s Hard to Build in America
Commentary
Decades of global economic integration mean that products built in the US, from cars to advanced battery packs, typically contain foreign-made parts. Manufacturers didn’t cons...
By Chris Kennedy
