President Trump announced that European leaders will release a massive amount of diesel oil from stockpiles after an emergency G7 video conference aimed at easing soaring fuel prices.
President Trump said European leaders have agreed to free up heavily stocked diesel oil following overnight talks and a Friday morning Group of Seven leaders call on fuel supply and prices.
CBS News reported that a White House official said Trump spoke with French President Emmanuel Macron last night and with G7 leaders this morning to negotiate the release of European diesel stockpiles.
Trump posted the news on Truth Social shortly after the meeting.
"Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil,"
He added:
"The process will begin immediately. Thank you for your attention to this matter!"
The G7 joint statement, released by the Élysée Palace in Paris, put firm numbers on the plan. Leaders committed to a coordinated release of 100 million barrels beginning immediately and running over four months.
The statement called for a front-loaded substantial diesel release within the first 20 days by G7 members and partners. That early push is designed to put product into the market fast.
G7 members are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, with the European Union as a non-enumerated member. The leaders convened by video conference Friday morning after high diesel prices became a shared concern.
In the United States, soaring diesel prices have been rippling through the economy. The squeeze has hit schools, farmers, and small businesses that rely on diesel for transport, equipment, and heating.
Trump has also threatened to ban U.S. diesel exports. The G7 statement addressed export curbs in broader terms. Leaders reaffirmed a commitment to refrain from export restrictions on energy and energy products between G7 countries. They called on all producers to refrain from imposing bans that could exacerbate market tensions.
The overnight call between Trump and Macron paved the way for the larger G7 session. After those talks, the leaders issued the joint statement on global energy security and market stability.
International Energy Agency executive director Fatih Birol posted a photo of the conference call on X, underscoring the public face of the coordination. The statement itself framed the release as an immediate step, not a distant promise.
The coordinated 100 million barrels is the concrete figure behind Trump’s “massive amount” description. Diesel is specifically front-loaded in the opening 20 days, matching the product American users feel most directly in trucking, farming, and school bus fleets.
Export-ban language in the G7 text sits alongside Trump’s separate threat on U.S. diesel exports. The allies chose a shared stockpile release and a pledge against new restrictions among themselves, rather than a spiral of unilateral cutoffs.
Diesel is the workhorse fuel for freight, agriculture, and many public fleets. When prices climb, the cost shows up in food distribution, construction, and local school budgets. The White House and G7 framed the stockpile move as a supply response to those pressures.
The release begins immediately. Product is scheduled over four months, with the heaviest diesel push early. That timeline is short enough to matter for markets that move on near-term barrels, not multi-year promises.
Trump cast the outcome as Europe unlocking stockpiles that had been held back. The joint statement confirmed the volume, the start date, and the diesel-first window without naming individual country quotas in the excerpts released.
For taxpayers and businesses already absorbing higher diesel costs, the test is whether barrels actually reach the market on the stated schedule. The G7 put that schedule in writing: immediate start, four-month run, substantial diesel in the first 20 days.
Allies can talk about market stability for years. Freeing 100 million barrels on a fixed clock, with diesel first, is the kind of concrete step that shows whether the talk is real.
