G7 countries reluctantly agree to tap their fuel reserves to help the U.S.
G7 nations plan to release large amounts of diesel fuel soon, but European countries were not entirely happy about the agreement.
Last updated: 2026-10-06 07:38:46 ET
G7 nations plan to release large amounts of diesel fuel soon, but European countries were not entirely happy about the agreement.
The agreement involves the release of 100 million barrels of diesel and oil over four months.
Leaders agree a coordinated drawdown within four months as rising prices put pressure on households and economiesLeaders of G7 nations are to release ...
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The Group of 7, which includes Britain, France, Japan and others, announced the release of 100 million barrels over four months, effective immediately...
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It comes after Reuters reported that EU nations were discussing a proposal to release diesel reserves following pressure from the Trump administration...
President Donald Trump has threatened to ban diesel exports in a bid to ease prices in the US.
The Trump administration reportedly pressed Germany and France to release diesel from their emergency reserves, warning that Washington could restrict...
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