G7 nations will release 100 million barrels of oil and diesel fuel after prices soar
President Trump announced that Europe has agreed to immediately release diesel reserves. The move comes as the administration faces pressure to address record-high fuel prices ahead of the midterm elections.
The Group of Seven wealthy democracies said Friday that they plan to release 100 million barrels of oil and fuel products in the coming weeks, starting with “substantial” amounts of diesel after the fuel recently hit record high prices in the United States.
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