Macron urges G7 coordination as US presses Europe on diesel stocks
The appeal came as the EU's 27 countries held crisis talks in Brussels with the European Commission to develop a unified response to US pressure.
French President Emmanuel Macron called for coordination among G7 nations to address rising diesel prices, following a conversation with President Donald Trump. The US pressure on Europe to release strategic diesel reserves has been exacerbated by the war in Iran, which has driven energy costs to record highs. EU leaders are meeting in Brussels to develop a unified response to the situation.
US Treasury Secretary Scott Besseent urged American farmers, truckers, and businesses not to bear the burden of the global diesel shortage. The International Energy Agency (IEA) head, Fatih Birol, stated that European nations had not released all the agreed-upon stocks in March. Diesel prices in the US have risen over 70% to $6.39 a gallon since the start of the Iran war.
The EU fears that a US ban on diesel exports would have disastrous consequences for European economic performance.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Macron urges G7 coordination as US presses Europe on diesel stocks freemalaysiatoday.com
- Macron urges G7 coordination as US presses Europe on diesel stocks bangkokpost.com
- US pressures Europe on diesel reserves amid export ban threat investing.com
