fuel prices - Human Crisis News

Russia sanctions will stay in place in Germany after the United States temporarily eased restrictions on Russian diesel, the German government said on Saturday, 10 October 2026. Chancellor Friedrich Merz’s spokesman, Stefan Kornelius, said Berlin had taken note of the US decision, while its position and that of its European partners remained clear. What Washington changed The move followed a phone call on Friday between President Donald Trump and Russian President Vladimir Putin. Trump announced that Russia would supply large quantities of diesel to the US and global markets, and the Kremlin confirmed the deal. According to Austrian broadcaster ORF’s account of his remarks, Trump put the first batch at more than 300,000 tonnes, with a further 500,000 in November and another million s...

The Group of Seven agreed on Friday to a coordinated G7 oil release of 100 million barrels from emergency stocks over four months, with a "substantial" diesel release front-loaded into the first 20 days. The joint statement, issued by the office of French President Emmanuel Macron, said the International Energy Agency (IEA), the Paris-based body that coordinates its members' emergency oil reserves, will manage the release, and that it begins immediately. G7 members also pledged to refrain from energy export restrictions and urged other countries to do likewise. The move comes as US diesel prices sit near record highs. How a disputed export ban shaped the talks Macron spoke overnight with President Donald Trump about rising fuel prices and the availability of petroleum products, his o...

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Berlin Holds Its Russia Sanctions Line as Washington Eases Curbs on Russian Diesel

G7 Agrees to Release 100 Million Barrels of Oil, Diesel First