AssetID: 56075709
Headline: UNCAPTIONED: G7 To Release 100 Million Barrels Of Oil And Diesel
Caption: G7 To Release 100 Million Barrels Of Oil And Diesel. The G7 has announced it will release 100 million barrels of oil and diesel in an effort to ease global supply pressures and bring down soaring fuel prices. The group, which includes the US, UK, Canada, Japan, Germany, Italy and France, said releases would begin immediately and continue for four months. A substantial amount of diesel is expected to be released within 20 days, with further supplies made available if necessary. The agreement also rules out restrictions on energy exports between G7 members.It follows President Donald Trump's threat to halt US diesel exports unless European countries released more of their own reserves. Trump had argued that restricting exports could help reduce prices for American consumers. US Treasury Secretary Scott Bessent said American farmers, truckers and businesses should not be left carrying the burden of rising fuel costs. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,G7,release,100 million,barrels,oil,diesel,effort,ease,global supply,pressures,bring down,soaring,fuel prices,US,UK,Canada,Japan,Germany,Italy,France,continue,four months,supplies
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