this post was submitted on 02 Oct 2026
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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.

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[–] blackberry28@sh.itjust.works 16 points 1 day ago* (last edited 1 day ago) (1 children)

They are not helping out of their own volition. It's extortion. Europe imports 50% of its Diesel from the US. If we say no, not only the consumers will suffer, but the economy as a whole. Massively.

[–] Tja@programming.dev 4 points 14 hours ago

Also it's just on paper, like the agreement in summer last year where the EU agreed to buy more gas from the US than they actuallly produce, or invest a certain amount without any way of enforcing it.

It's just for the headline, nobody has any intention of following up, trump is just too dumb to realize that.