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UK Holds Urgent Talks on Diesel Reserves After Trump Export Ban Threat
Average UK diesel prices reached 199.72p a litre as officials warned that supply strains could deepen if US exports are restricted.
- On Monday, UK diesel prices reached a record 199.72p per litre, surpassing the previous high of 199.09p set in June 2022 after Russia's invasion of Ukraine.
- Global fuel markets face shortages from the ongoing US-Iran war and Russian export restrictions, while China suspended oil product exports to regions beyond Hong Kong and Macau, causing oil prices to rise 2% on Thursday.
- Britain imports 55pc of its diesel, with a third sourcing from the United States; President Trump threatened to ban diesel exports unless allies tap emergency reserves, costing motorists an extra £400 annually.
- Following the price surge, UK government ministers discussed utilizing diesel stockpiles with allies in Germany, France, Italy, and Ireland on Thursday, as a European Commission spokesperson confirmed 'lots of calls, lots of meetings' with US contacts.
- The International Energy Agency governing board meets tomorrow to address the crisis; Trump claims he 'will win Iran war and then fuel costs will plummet,' though the government stresses the 'diversity and resilience' of current supplies.
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The struggle for diesel. Valuable guidance from the USA Apparently, things are very bad with European diesel reserves
The struggle for dieselValuable guidance from the USAApparently, things are very bad with European diesel reserves. The British authorities are discussing with their allies from Brussels the emergency release of fuel reserves after...
Britain risks finding itself at the centre of a new fuel crisis as Donald Trump's threat to restrict US diesel exports to Europe leaves the country heavily reliant on imports and with prices at the pump already near record highs. Response – London Britain imports around 55% of its diesel …
Coverage Details
Total News Sources14
Leaning Left0Leaning Right3Center2Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
C 40%
R 60%
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