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Trump hails G7 oil move amid Iran war

Mar 11, 2026, 15:40 GMT+0

US President Donald Trump hailed G7 plans to release oil reserves amid the war in Iran, saying the move would have a “tremendous impact,” according to video shared by the French presidency.

He spoke after French President Emmanuel Macron, who chaired the meeting, gave him the floor during talks focused on the conflict and its economic fallout.

Earlier, the International Energy Agency recommended releasing 400 million barrels of oil—the largest move in its history—in an effort to contain surging crude prices triggered by the US-Israeli war with Iran.

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