G7 countries plan to release up to 100 million barrels of diesel and crude from reserves.
The article says the move follows intense diplomatic pressure from the United States.
It says the push intensified ahead of U.S. midterm elections, with fuel prices a political priority.
European governments were hesitant at first, then agreed under sustained Washington pressure.
A substantial share targets diesel, which the piece calls vital for trucks, trains, and farm machinery.
Millions of barrels of crude would also enter supply, with members contributing to the total.
The article says diesel had hit historic highs in Europe and North America before the deal.
It says a stockpile release may cool prices briefly but does not fix limited refining capacity.
Draining reserves also leaves a smaller buffer against later supply shocks, the piece warns.
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