
Agreement between G7 and IEA to put 100 million barrels on the market and control fuel prices
Europe and its G7 partners, coordinated by the IEA, will release 100 million barrels of strategic diesel reserves over four months to lower global prices, in response to pressure from Donald Trump and geopolitical tensions in the Middle East.
AI-generated summary
Tensions between Israel and Iran have caused a surge in global energy prices. Europe is heavily dependent on fuel imports from the United States.
"Europe has just agreed to release a large amount of its diesel supplies. The process will begin immediately." Donald Trump announced it on Truth. Confirmation from French President Emmanuel Macron arrived shortly thereafter. “I just brought together the G7 leaders on the global energy situation. We agreed to work in a coordinated way to help reduce the prices of petroleum products, in particular diesel,” Macron wrote on energy between partners".
The request made by Trump in the last few hours
In recent hours, United States President Donald Trump had openly asked European leaders to use their strategic reserves to slow down the surge in global prices. The request had come at a particularly critical stage: tensions between Israel and Iran are pushing energy costs through the roof, while in the UK diesel has already set historic records at the pump. To protect American consumers, Trump is also considering blocking fuel exports abroad. If implemented, this measure would reduce prices in the United States but hit Europe hard. After the stop to Russian supplies, in fact, European countries are heavily dependent on the USA, which guarantees a constant flow of between 1.2 and 1.5 million barrels per day.
AI outlook — possibilities, not facts
Release of 100 million barrels of strategic reserves in the next 4 months.
Very likely · Within months

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