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.zipBanned from community
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      7 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
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        7 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
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            6 days 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
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              5 days ago

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

          • kestrel7_7@lemmy.world
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            6 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”

  • wirebeads@lemmy.ca
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    6 days ago

    Donald Trump is a rapist. All this is happening because Donald Trump forced himself on little children.

  • Tango@piefed.ca
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    7 days ago

    So it’s the Group of Seven again when he wants a favor, huh? Why didn’t he just ask his G8 buddy Putin?

    • Tja@programming.dev
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      7 days ago

      I know it’s rethorical, but Putin already banned exports of diesel well into 2027. Kinetic sanctions…

  • ProwlsInSoup@lemmy.world
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    6 days ago

    I really hope spinless cowards who runs my home country won’t help him… they will probably help him…

  • Tja@programming.dev
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    7 days ago

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

    We just need a month for paperwork and stuff, we’ll start excacly mit November. Hope this helps!

  • humanspiral@lemmy.ca
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    6 days ago

    WSJ/US press repeating them, are pretending that 90% of prewar transit has occurred this one time at band camp. If it were true, China would be buying it and getting massive refining profits from exports. Iran has hit over 7 ships in last 2 weeks attempting to transit without its permission. Even if they were getting out some oil, region needs ships to go back into SoH.

  • Impractical_Island@lemmy.world
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    7 days ago

    I’ll pay a nickel to suck every dick Trump adds to the economy in this way the war is going on oil so the drugs have more than there ever were before then.