U.S. President Donald Trump says Europe has sufficient diesel supplies after G7 countries agreed to release around 100 million barrels of diesel and crude oil from emergency reserves. The coordinated move is aimed at easing pressure on fuel markets following supply disruptions linked to the Iran war.
Trump also said the United States would not move ahead with a previously threatened ban on diesel exports. The decision comes as governments seek to stabilize fuel supplies and limit further increases in prices affecting consumers and businesses.
The emergency reserve release is expected to begin immediately, with significant volumes of diesel projected to reach international markets within about 20 days. Officials hope the additional supply will help ease shortages and improve market stability.
The agreement reflects growing concerns over energy disruptions and their impact on global fuel prices. Diesel remains especially important for transportation, industry and agriculture, making supply stability a major economic concern.
The coordinated action by G7 countries is intended to provide short-term relief while governments continue monitoring energy markets. The effectiveness of the release will depend on how quickly supplies reach buyers and how the wider disruption to global energy flows develops.
