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.

  • takeda@lemmy.dbzer0.com
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    14 hours ago

    Everything he did somehow benefited Russia. He pulled from Syria right after US displaced mercenaries called Wagner. Russia took US positions.

    He pulled from Afghanistan, freed captured Taliban soldiers and turned Afghanistan to Taliban. Taliban has friendly relationship with Russia and regularly visits Moscow.

    He withdrew from Iraq, Iraq is helping Iran.

    He started war with Iran just when the price of oil was so low that Russia was selling oil at a loss, then immediately removed sanctions on them (which doesn’t increase supply, only allows Russia to sell at higher price)

    • FlashMobOfOne@lemmy.world
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      12 hours ago

      Everything he did somehow benefited Russia.

      Or was done to spite Democrats.

      All of the good byproducts of Donald’s presidency have been unintended. I fully agree. (And just making it clear, that’s not sarcasm.)