G7 countries agree to release 100 million barrels of oil, beginning with diesel
First reported 30 Sept, 09:13 UTCUpdated 24m ago41 sources
14 left · 22 center · 5 right · Full breakdown
Trump spoke overnight with Macron about addressing rising fuel prices, which have hit record highs in the U.S.
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US Treasury Secretary Scott Bessent said in a social media post: 'Our European partners should accelerate delivery on their existing commitments and make additional supplies immediately available to address ongoing disruptions.'
Trump administration is trying to bring down fuel prices ahead of the U.S. midterm elections
Amid rising fuel costs, the United States is advocating for European countries to utilize their diesel stockpiles. President Donald Trump is also weighing the option of restricting US diesel exports to safeguard the domestic market. As diesel plays a pivotal role in both transport and agriculture, even minor supply…
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- Government Extends Diesel Export Ban Until End of October (opens The Moscow Times in a new tab)
The government repeatedly imposed curbs on gasoline and diesel exports to rein in rising fuel prices and tackle shortages.
- Russia Extends Diesel Export Ban Until Oct. 31 (opens Kyiv Post in a new tab)
Moscow has extended its diesel export ban until Oct. 31 as Kyiv continues to batter Russian refineries, with the extension also applied to maritime fuel and gasoil. A ban on jet fuel exports remains in effect until Nov. 30, and a ban on gasoline exports will last at least until January next year.
- Britain in talks with European allies over release of emergency diesel stockpiles amid Trump pressure (opens The Guardian in a new tab)
Ministers discuss drawing down EU countries’ reserves after Donald Trump threatens to cut off US supplies Britain is in talks with European allies over releasing emergency diesel stockpiles after Donald Trump threatened to cut off US supplies of the fuel. Ministers held calls with counterparts from the European…
- U.S. threatens France and Germany to release diesel stocks or face export ban, Reuters sources say (opens The Globe and Mail in a new tab)
Trump administration is trying to bring down fuel prices ahead of the U.S. midterm elections
- Britain could release emergency diesel stockpiles as Trump threatens to cut off US supplies with export ban (opens Daily Mail in a new tab)
UK officials spoke with their counterparts in Germany, France, Italy and Ireland today as well as at the European Commission to consider using stockpiles of the fuel.
- U.S. pressures European allies to release diesel reserves as Trump considers export ban (opens NBC News in a new tab)
The Trump administration asked European allies to release diesel from their emergency stockpiles to increase global supplies and tamp down on soaring prices.
- US presses Europe to release diesel reserves 'immediately' as Trump threatens export ban (opens France 24 in a new tab)
The United States on Thursday urged European allies to release strategic diesel reserves immediately to curb prices driven higher by the US war on Iran. EU states will discuss a coordinated response on Friday, as Washington increases pressure following US President Donald Trump's suggestion that he could ban US diesel…
- EU to hold emergency talks on soaring diesel prices as US ramps up pressure (opens South China Morning Post in a new tab)
EU nations will meet Friday, aiming to develop a unified response to soaring diesel prices, a day after the US called on its European allies to release strategic reserves “immediately” to stem the crisis. The emergency meeting between EU member states and the European Commission is scheduled for early in the day, a…
- US pressures European nations to release emergency diesel supplies (opens Semafor in a new tab)
The White House administration turned to coercion in efforts to tame surging fuel prices, telling European capitals to either release their emergency diesel supplies or face a US diesel export ban.
- US tells European allies to act 'immediately' to lower diesel prices (opens Le Monde (English) in a new tab)
US Treasury Secretary Scott Bessent said in a social media post: 'Our European partners should accelerate delivery on their existing commitments and make additional supplies immediately available to address ongoing disruptions.'
- Trump says US may ask Europe to release diesel reserves (opens Al Jazeera in a new tab)
Skyrocketing diesel prices have pushed Washington to weigh an export ban, raising alarm across European economies.
- EU nations to hold emergency meeting on soaring diesel prices amid US pressure (opens The Straits Times in a new tab)
The US reportedly wants France and Germany in particular to tap their stockpiles to curb prices sent soaring by the Iran war.
