The Group of Seven Nations agreed Friday to release 100 million barrels of oil from its stockpiles—following a desperate plea from the White House.

The G7 held an emergency meeting Friday morning to discuss global energy costs. The discussion came in the wake of a pressing call between Donald Trump and French President Emmanuel Macron, during which the U.S. leader asked for assistance amid the current oil crisis and floated the idea of banning U.S. diesel exports, according to CBS Chief Foreign Affairs Correspondent Margaret Brennan.

Donald Trump announced after the meeting that “Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil. The process will begin immediately.”

The European barrels are expected to hit the market over the next four months.

    • boonhet@lemmy.zip
      link
      fedilink
      English
      arrow-up
      19
      ·
      2 days ago

      He’d be a moron to do that tbh. Right now the US is massively profiting off the high energy prices. Not its people but its oil companies at least.

      • weps@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        arrow-down
        1
        ·
        2 days ago

        if the goal is to further disrupt the EU then it would be a smart next step

        oil prices for Americans are of no consequence anymore too

          • weps@lemmy.world
            link
            fedilink
            English
            arrow-up
            2
            ·
            1 day ago

            the Americans have a government that doesn’t need to be elected anymore

            they don’t have to care about Americans which is why oil prices for Americans aren’t a problem

            • 73ms@sopuli.xyz
              link
              fedilink
              English
              arrow-up
              1
              ·
              22 hours ago

              we’ll see about that in about a month when the USA has the midterm elections.

          • kestrel7_7@lemmy.world
            link
            fedilink
            English
            arrow-up
            2
            ·
            2 days ago

            I believe they’re saying that “no one in the USA gov’t cares about the consequences of raising the cost of gas to US consumers”