The G7 said it will release 100 million barrels of oil and diesel to slow a price spike.

Allied governments coordinated a draw from their strategic fuel stockpiles.

The article says the move answers volatility hitting households and businesses, including in the United States.

Past reserve releases have had mixed results at the pump.

The piece says emergency stocks are a short buffer, while diesel output is still limited by refinery bottlenecks.

European governments aligned with the United States after pressure from Washington.

A CNN headline in the article ties that pressure to the period before midterm elections.

Deliveries are to start in the coming weeks through the International Energy Agency.

Traders are also watching security threats near European transit hubs, the piece says.

Read the full article on the G7 plan to release 100 million barrels.