G7 countries to release 100 million barrels of diesel and oil to curb fuel prices
14 days ago by zero_gravitas to c/worldnews
In short:
G7 countries are set to release up to 100 million barrels of diesel and crude oil reserves.
It comes amid soaring fuel prices and after clashes between European leaders and Donald Trump.
The US president is under political pressure in America over rising energy costs, which have been sparked by the US-Israeli war with Iran.
Interesting possible consequence of this is that it could reduce pressure on the Republicans in the lead-up to the midterm elections by reducing the cost of petrol and therefore the impact of inflation to the average American. Which Europe probably doesn't want, since it's Trump's ability to do whatever he wants unchecked that's caused this problem in the first place.
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@aussie.zone
A place for Australians and friends to share news from the other countries. Like all communities here, we discuss topics from the Australian perspective.
If you're looking for a global /c/worldnews instead, search for the many options on federated instances.
Rules
- Follow the aussie.zone rules
- We are not a generic World News clone. News must be relevant to Australians and our region. Obvious disregard will earn an warning and then a ban if continued. (If an article isn't from an Oceanian news outlet, and it doesn’t mention Australia, then it’s probably off-topic)
- News posts must include some body text explaining how the article is particularly relevant to the Australian perspective, rather than mere global news.
- Leave seppocentrism at the door. If you don't know what that means, you're not ready to post here yet.
- Avoid editorialising headlines. Opinions go in the comments, not the post.
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Its a ridiculous situation the US has put the world in. Every time the US does something like this, the Europeans probably have to cop a lot of it and play nice for now. But should definitely take it as further motivation to remove themselves from the US chokeholds they've allowed.
Charles De'Gaul might've been a cunt in many ways, but he understood the value of his country's freedom.
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