Updated

Amid fuel-supply pressure linked to the war on Iran and tensions in the Strait of Hormuz, US President Trump pressed Europe to release emergency diesel stockpiles, and by Friday Europe had agreed, with Trump hailing a 'massive' release. G7 nations held an emergency meeting the same day, with French President Macron announcing plans to release up to 100 million barrels of crude oil and diesel from strategic reserves over four months, frontloaded to ease the crisis, while agreeing to keep diesel exports flowing within the bloc. At the same meeting, G7 countries issued a rebuke condemning Iran's attacks on its neighbors.