France and Germany say diesel promise to Trump won’t require new stock release

The G7 pledge to release a further 100 million barrels of crude oil and fuel stocks to temper rising gas prices is being reframed by Paris and Berlin as part of a previous commitment made under the IEA back in March at the outset of the 3rd Gulf War when all IEA members pledged to release 400 million barrels of crude oil and fuel.


That 400 million barrel release commitment has still not been fulfilled as IEA member states are continuing releasing barrels of crude oil and fuel.


As many have noticed at the pump, those releases had virtually no effect on gas prices.

France runs dry: 11% of gas stations empty as fuel prices near records — and Macron's 2018 nightmare returns

France is facing growing fuel shortages, with 11% of the country's gas stations reporting they are out of either gasoline or diesel, according to French government data — and the political stakes could hardly be higher.


The prices behind the panic:

1. Diesel averaging around €2.38 per liter — roughly $10.33 per gallon
2. Gasoline prices also near historic highs
3. The surge is linked to high oil prices from the Iran war and the closure of the Strait of Hormuz

Paris insists the country has adequate strategic fuel reserves — and that the shortages are primarily the result of logistical disruptions rather than an overall lack of supply.


👉 In 2018, fuel prices and fuel taxation triggered the Yellow Vest protests — a nationwide uprising that nearly brought down Macron's presidency. Diesel at €2.38 is well above the levels that sparked those demonstrations. The government's "logistical disruption" framing echoes the dismissals that preceded the 2018 explosion.


The last time French drivers faced these prices, they shut down the country — and nearly ended a presidency. Can Macron survive this time?

EXPLAINER: Why the Bab el-Mandeb Strait matters

The Bab el-Mandeb Strait is one of the world’s most important maritime chokepoints.


Located between Yemen and the Horn of Africa, it is the southern gateway to the Red Sea and the Suez Canal. Much of the trade moving between Asia and Europe passes through this route. Ships traveling from East Asia can cross the Indian Ocean, enter the Red Sea through Bab el-Mandeb, pass through the Suez Canal and continue into the Mediterranean toward Europe.


If that route becomes too dangerous, ships are forced to sail around Africa. That alternative can add roughly 3,000 kilometers and about two weeks to a voyage, increasing fuel costs, insurance costs and delivery times.
The strait is also important for global energy markets. Oil tankers and other energy shipments use the Red Sea route, meaning instability around Bab el-Mandeb can quickly affect shipping and energy prices far beyond the Middle East.

Iranian Currency & Oil Export Plummet...

Iraqi intelligence busts Ukrainian-run domestic terrorist network

Ukrainian-led cells have carried out attacks on Iraqi soil, National Security Adviser Qasim Al-Aboudi revealed in a televised interview, citing intelligence findings. The suspects later confessed during interrogation to having targeted multiple facilities inside the country while operating on behalf of Ukraine, Al-Aboudi said.


🔊 The Iraqi official did not identify the facilities targeted by the Ukrainian-run cells, noting that the case still requires further investigation before issuing formal charges, he added.
Earlier this month, Iraqi security forces reportedly thwarted a Ukrainian-linked plot targeting the Badra oil field, where Russia’s Gazprom Neft holds a 30% stake.


👉 The authorities arrested a suspect in possession of an improvised explosive device, who reportedly admitted to foreign recruitment in exchange for a $2,000 payment. Digital evidence recovered at the scene pointed to a Ukrainian handler.