G7 to hold emergency talks over possible diesel release

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Por Ben Munster and Charlie Cooper — POLITICO – TOP Stories

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  2. Energy and Climate

G7 to hold emergency talks over possible diesel release

The meeting comes as Trump threatens to ban U.S. diesel exports.

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President Trump Attends G7 Summit In Evian, France

U.S. President Donald Trump speaks with Canadian Prime Minister Mark Carney next to French President Emmanuel Macron at a working lunch with leaders of G7, on June 16, 2026 in Evian-les-bains, France. | Pool photo by Evelyn Hockstein via Getty Images

October 2, 2026

1:01 pm CET

By

Ben Munster and

Charlie Cooper

BRUSSELS — The G7 club of rich countries is preparing to convene later today to explore whether to release further diesel reserves to bring down fuel prices.

Four people familiar with the matter confirmed the plan to POLITICO. The meeting will take place after the U.S. pressured European countries to act on their reserves or face an export ban.

The meeting of the Group of Seven, which includes France, Germany, Italy, the U.K., the U.S., Canada and Japan, will come on Friday afternoon amid growing concern over rising diesel costs that have triggered a pressure campaign by Washington.

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The exact timing of the meeting remains unclear. A government official said British Foreign Secretary Ed Miliband will be joining the call for the U.K.

At emergency talks on Friday, Paris floated releasing 50 million barrels of diesel and 50 million barrels of crude oil, in response to a U.S. demand to French President Emmanuel Macron Thursday to release 100 million barrels of diesel over an 180-day period.

The Elysée said in a statement today that France planned to host a meeting on a possible fuel release “as soon as possible.”

Related Tags


Diesel


Exports


Fuels


Macron


Oil

Related Countries


Canada


France


Germany


Italy


Japan


United Kingdom


United States

Related People


Emmanuel Macron

Related Organizations


G7

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Fonte: POLITICO – TOP Stories

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