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G7 plans to release oil reserves amid high fuel prices, tagesschau reports

G7 countries plan to release oil reserves in response to high fuel prices, according to tagesschau. The outlet reports that the United States had previously pressed European G7 members to act.

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Fuel storage tanks at an oil storage facility

G7 countries intend to release oil reserves amid high fuel prices, according to German news outlet tagesschau. Its headline identifies diesel and crude oil reserves as part of the move.

The report says the United States had previously applied pressure, particularly on European members of the G7.

Tagesschau describes high fuel prices as a major domestic political problem for US President Trump. The provided excerpt does not specify the size or timing of the planned reserve releases.

Original source

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