EconomyWhy will the G7 release 100m barrels of European fuel reserves?

French President Emmanuel Macron says the G7 will release up to 100 million barrels of diesel and oil reserves in an effort to restrain rising prices. US President Donald Trump had considered banning US diesel exports, a move that might lower prices at home briefly but raise them elsewhere. UK diesel has exceeded £2 a litre for the first time, adding to inflationary pressure on everyday goods.