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G7 nations agree to release diesel and oil stocks after Trump pressure

Global - Asia Archived • October 2, 2026 •
G7 nations agree to release diesel and oil stocks after Trump pressure
Group ⁠of Seven countries agreed on Friday to release 100 million barrels of diesel and crude oil from emergency reserves and pledged to refrain from energy export restrictions after pressure from US President Donald Trump.
The US led a pressure campaign on the European Union to draw down emergency diesel inventories, with the Trump administration warning that failure to act could lead to a US ban on diesel exports.
Such a ban could sharply reduce supplies to Europe, which has become...
Source: South China Morning Post | https://www.scmp.com/rss/91/feed - Read Original
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