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Trump's Diesel Threat Worked: G7 Dumps 100 Million Barrels As Europe's Energy Dependence Laid Bare

Trump's Diesel Threat Worked: G7 Dumps 100 Million Barrels As Europe's Energy Dependence Laid Bare Submitted by Thomas Kolbe In the end, Donald Trump’s threat to prohibit diesel exports apparently proved credible after all. Faced with rapidly rising prices at the pump and an emerging acute shortage of middle distillates, from diesel and heating oil to aviation kerosene, the G7 heads of government decided on Friday, under pressure from the US president, to release their own oil reserves. For the EU, the perfect storm is brewing: a rising dollar price, the visible control...
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May 14, 2026 / Tyler Durden
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