From The Japan Times · No Author · · 1m
G7 agrees on oil release deal
G7 nations release 100 million barrels of oil to ease energy supply fears.
In brief
G7 nations release 100 million barrels of oil to ease energy supply fears. G7 countries agreed to release 100 million barrels of diesel and crude oil to address global energy supply concerns. Originally reported by The Japan Times.
G7 leaders agree
Group of Seven countries agreed to release 100 million barrels of diesel and crude oil to ease global energy supply concerns.
Trump supports move
President Donald Trump hailed the decision and said the U.S. would not impose a threatened diesel export ban.
Talks led by Macron
The announcement came following a video conference of G7 leaders chaired by French President Emmanuel Macron.
U.S. pressure on Europe
Washington stepped up pressure on Europe to release strategic reserves and threatened a diesel export ban.
G7 economies focus
The talks focused on coordinating a response to soaring fuel prices among Britain, Canada, Germany, Italy, Japan and the United States.
The takeaway
G7 countries agreed to release 100 million barrels of diesel and crude oil to address global energy supply concerns.
