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Trump: Europe to Release 'Massive' Diesel Stocks as G7 Plans 100 Million-Barrel Release
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News18•02-10-2026, 23:10
Trump: Europe to Release 'Massive' Diesel Stocks as G7 Plans 100 Million-Barrel Release
- •US President Donald Trump announced that European countries agreed to release a "massive amount" of diesel from their reserves.
- •The announcement was made on Truth Social, stating the release would begin immediately, though specific countries and quantities were not detailed.
- •This move coincides with G7 leaders agreeing to a coordinated release of 100 million barrels of oil and fuel products from emergency reserves.
- •The G7 release, coordinated through the IEA, will start immediately and continue over four months, with significant diesel supplies available within 20 days.
- •These measures aim to address soaring fuel prices, strengthen energy security, and stabilize markets amid disruptions from conflicts in Iran and Ukraine.
Key Questions Answered
US President Donald Trump announced that European countries agreed to immediately release a massive amount of diesel from their reserves to help address soaring fuel prices driven by ongoing disruptions from the wars in Iran and Ukraine.
G7 leaders agreed on a coordinated emergency release of 100 million barrels of oil and fuel products from their strategic reserves.
The G7 countries agreed to coordinate the release through the International Energy Agency, bringing diesel supplies into the market early over a four-month period while refraining from imposing export restrictions on energy products between G7 nations.
