Trump Claims Europe Will Release Massive Diesel Stockpiles to Ease Prices

Trump says European leaders agreed to release massive diesel stockpiles. G7 announces coordinated release of 100 million barrels.

Editorial Desk

October 2, 2026 One Min Read

POLICY WIRE — Washington, United States — President Donald Trump claimed that European leaders have committed to releasing a significant volume of diesel oil from their reserves to ease rising fuel costs, following an emergency meeting of the Group of Seven (G7) nations.

A video conference among G7 leaders took place on Friday morning to address fuel supply and pricing concerns, after an overnight call between Trump and French President Emmanuel Macron. Following the discussion, Trump announced that Europe would begin releasing its diesel stockpiles immediately, calling it a ‘massive amount’ of fuel.

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A joint statement issued by the G7 confirmed a coordinated release of 100 million barrels of oil, with a substantial portion of diesel to be released within the first 20 days. The move aims to stabilize global fuel markets. Meanwhile, the White House said Trump engaged in discussions with Macron and other G7 leaders to secure this agreement. The statement also urged against export restrictions, though it did not directly reference Trump’s previous threats to ban U.S. diesel exports.

Reporting by Policy-Wire (PW)

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