Macron urges G7 coordination as US presses Europe on diesel stocks
BRUSSELS — French leader Emmanuel Macron urged Group of Seven (G7) nations to work together to bring down fuel prices in a call with President Donald Trump on Friday, as Washington pressures Europe to tap its strategic diesel reserves and threatens curbs on US exports.
French President Emmanuel Macron has called on Group of Seven (G7) nations to collaborate in reducing fuel prices, following pressure from the United States to release its strategic diesel reserves. The US has accused Europe of exacerbating the crisis by withholding diesel supplies, citing the potential impact on American farmers, truckers, and businesses.
Meanwhile, the International Energy Agency (IEA) reported that a significant portion of the pledged diesel stock remains unreleased. The issue has gained prominence ahead of the US midterm elections, affecting Trump's Republican Party. EU trade chief Maros Sefcovic warned that any US ban on diesel exports would have severe repercussions for European economic performance.
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- Macron urges G7 coordination as US presses Europe on diesel stocks freemalaysiatoday.com
- US pressures Europe on diesel reserves amid export ban threat investing.com
