What is happening
According to la Repubblica, the European Union gave in to pressure from U.S. President Donald Trump. During a meeting convened by Macron, G7 countries pledged to “lower fuel prices” and avert “restrictive measures on trade.” Macron said, “We will release 100 million barrels from reserves.”
Why is it on the Radar?
The measures are intended to address fuel prices and reduce the risk of restrictive trade measures, according to the source.