The Group of Seven has agreed to release up to 100 million barrels of diesel and crude oil following emergency talks, according to BBC and Sky News reports. Sky News reports that French President Emmanuel Macron confirmed the figure after the discussions.
The Irish Times reports the decision came under pressure from US President Donald Trump. Al Jazeera reports Trump described the move as a "massive" release of diesel agreed to by Europe.
European Commission President Ursula von der Leyen welcomed the decision to release diesel and oil stocks, according to RTE.ie.
The reports did not specify a timeline for the release or how the barrels would be divided among G7 members. The Irish Times headline referenced both diesel and crude, while other outlets focused on diesel in their initial coverage.
The agreement follows emergency talks among G7 leaders, though the reporting available did not detail what prompted the discussions or the specific conditions that led to the decision.
What to watch next: further details on the release schedule and how markets respond to the announcement.
