Trump says G7 decisions having ‘tremendous impact’ after record oil stock release recommendation

Middle East Eye · March 11, 2026 Sanctions

Trump says G7 decisions having ‘tremendous impact’ after record oil stock release recommendation US President Donald Trump said decisions taken by world leaders were having a "tremendous impact" during a call with Group of Seven (G7) leaders discussing the war with Iran and its economic fallout. Speaking in a video clip shared by the French presidency, Trump said: "I think we are having a tremendous impact, unbelievable actually, on the world. " The G7 meeting chaired by French President Emmanuel Macron came shortly after the International Energy Agency (IEA) recommended releasing 400 million barrels of oil from global reserves to help curb soaring prices linked to the US-Israeli war on Iran.

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