Diesel crisis in Europe and the USA linked to wars in the Middle East and Ukraine

To understand this diesel crisis that affects pumps in Europe and the United States, it is necessary to observe the impact of another type of bomb there in the Middle East and also in Ukraine and Russia. The two wars drastically reduced the commercial flow of oil. With less supply, the price rose.

In the United Kingdom, the price of diesel has risen 40% since the start of the war against Iran and, this Friday (2), it reached a historic level: two pounds per liter - around R$14. An increase that not only impacts drivers who go to the gas station, but also rural producers and road transport. It generates a ripple effect throughout the economy.

In Washington, with an eye on the November elections, Donald Trump had been pressuring European partners to release part of their own reserves. Otherwise, he considered imposing a cut on American exports. An attitude that could even benefit the United States domestic market, but would cause even more shortages and lack of control in the international market. Early this Friday (2), the European Union criticized the threats. He stated that a possible cut in exports would not be good for anyone.

The G7 called an emergency meeting. The group that brings together some of the richest countries in the world - such as France, Germany and Italy - decided on a coordinated release of 100 million barrels of diesel and crude oil, with support from the International Energy Agency. A measure to stabilize the market and also calm tensions between both sides of the Atlantic.

The office of French President Emmanuel Macron released a note stating that the release will be immediate, with a substantial quantity in the first 20 days, and the measure should extend for four months. On social media, Donald Trump celebrated.