France proposed releasing 50 million barrels of diesel fuel across Europe, causing oil prices to plummet and European stocks to rise collectively.

France announced a large-scale strategic reserve release plan, which immediately caused international oil prices to plummet and market risk appetite to rebound significantly.

France has reportedly proposed a plan to release 50 million barrels of diesel from Europe and 50 million barrels of crude oil from member countries of the International Energy Agency (IEA) . Following this news, international crude oil prices plummeted – WTI crude oil fell below $90 per barrel to $89.96 per barrel, a daily drop of 3.0%; Brent crude oil also fell below $100 per barrel to $99.95 per barrel.

Meanwhile, risk assets generally strengthened. The Euro Stoxx 50, the French CAC 40, and the German DAX all saw gains exceeding 1%; US stock index futures also rose in tandem, with Nasdaq 100 futures up 0.9% and S&P 500 futures up 0.5%.

France spearheaded coordination as Macron convened the G7 to discuss energy issues.

France is actively promoting coordinated action among major economies on energy supply issues. The Élysée Palace stated that French President Macron has spoken separately with Trump and Canadian Prime Minister Carney regarding energy and fuel prices.

Macron made it clear that the G7 should coordinate its actions, refrain from imposing export restrictions , and would convene a meeting of G7 leaders specifically to discuss oil supply and pricing issues.

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