G7 leaders have agreed to release strategic reserves “up to 100 million barrels, within four months” and “take no measures to restrict the exchange of energy and petroleum products between partner countries”, French President Emmanuel Macron has said.
Diesel price record
The announcement came as diesel costs hit a £2 record, with the development occurring minutes after Donald Trump issued a message on Truth Social earlier this afternoon.
G7 agreement details
The agreement was disclosed by Macron, who outlined the two key measures: the release of up to 100 million barrels from strategic reserves within four months, and a commitment not to restrict energy and petroleum product exchanges between partner countries.
Further details are expected to follow.
