Why will the G7 release 100m barrels of European fuel reserves? | BBC News

BBC News reports that French President Emmanuel Macron said the G7 group of advanced economies will release up to 100 million barrels of diesel and oil reserves to try to control rising prices. The video also covers US President Donald Trump's reported consideration of a ban on US diesel exports, and the UK average diesel price passing £2 a litre for the first time. BBC Verify examines how much oil is leaving the Middle East, with the Strait of Hormuz blocked and energy infrastructure damaged. Source: BBC News (BBCNews).

• G7 to release up to 100 million barrels of diesel and oil reserves, per Macron
• Trump had considered a ban on US diesel exports
• UK average diesel price passed £2 a litre for the first time
• BBC Verify looks at how much oil is leaving the Middle East

France's President Emmanuel Macron says the G7 group of advanced economies will release up to 100 million barrels of diesel and oil reserves to try to control rising prices. US President Donald Trump had been considering a ban on US diesel exports, which could have cut American fuel prices in the short term but pushed them up elsewhere. It's as the average diesel price in the UK has passed £2 a litre for the first time ever, adding to inflationary pressures on day-to-day products. And with vital waterways like the Strait of Hormuz blocked and energy infrastructure damaged, BBC Verify investigates how much oil is actually getting out of the Middle East. Subscribe to our channel here: https://bbc.in/bbcnews For the latest news download the BBC News app or visit BBC.com/news #G7 #Fuel #BBCNews