G7 talks as US pressures Europe over diesel stocks
2 hours ago
A digital billboard displays fuel prices at a petrol station in Berlin on Oct 2, 2026. (Photo: AFP/John Macdougall)
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PARIS: G7 leaders were holding talks on Friday (Oct 2) to coordinate action on fuel prices, after the United States upped pressure on Europe to release its strategic reserves, threatening a diesel export ban.
The US war with Iran has sent energy prices skyrocketing, coming back to bite President Donald Trump at home with high fuel costs, a key issue in the run-up to midterm congressional elections next month.
After speaking with Trump, France's President Emmanuel Macron convened a video call starting at 1230 GMT of G7 leaders - a group comprising also Britain, Japan, Canada, Germany and Italy - to discuss joint action.
Earlier the EU pushed back hard against US threats to impose a diesel export ban -- something Macron also warned against during his conversation with Trump.
"We fully reject any ban on diesel. A ban would not be beneficial to anyone. It would undermine our trust in the United States as a reliable partner," European Commission spokeswoman Anna-Kaisa Itkonen said.
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