G-7 Agrees to Release 100 Million Barrels of Diesel and Crude

Move was made to help bring down the soaring price of diesel and other fuels PARIS—The Group of Seven major economies agreed to release 100 million barrels of crude oil and fuel from their emergency stocks and not to restrict exports, aiming to bring down the soaring price of diesel and other fuels.On his Truth Social platform, President Trump said European nations agreed “to release a massive amount of their heavily stocked Diesel Oil. The process will begin immediately.” The G-7 statement said the reserve release would happen over four months.The announcement would seem to end the threat of a...