US tells France and Germany to release diesel stocks or face US export ban: Report
Washington is pressing Europe to tap diesel reserves as U.S. prices have jumped 70%, officials said, while considering a 90-day export ban.
- U.S. Trade Representative Jamieson Greer urged European allies on Thursday to release strategic diesel reserves, seeking a "collaborative response" to soaring fuel costs.
- Amid soaring fuel costs, President Donald Trump has threatened to ban U.S. diesel exports, citing recent Ukrainian attacks on Russian refineries as driving record-high prices.
- Treasury Secretary Scott Bessent urged partners to "match their commitments" and called for "additional supplies immediately available" to address ongoing disruptions affecting fuel markets.
- European officials, including France's Minister Delegate for International Trade Nicolas Forissier, expressed skepticism about a potential ban, warning it would have "very dramatic consequences" for economic performance.
- The administration maintains the price surge is a "one-time spike," while Energy Secretary Chris Wright remains "highly confident" Europe can ease fuel prices by drawing down inventories.
170 Articles
170 Articles
Trump urgently needs peace and cheap diesel before the midterms. Now he puts pressure on Europe and threatens to stop exports.
The U.S. government, led by President Donald Trump, issued a plea to France, Germany and European nations to accelerate the deployment of emergency diesel reserves to help alleviate soaring oil prices.
Aftenposten
NettavisenThe US president says it may be appropriate to ask EU countries to release parts of their diesel reserves to bring down the price. On Friday, the EU Commission and member states will meet to discuss rising fuel prices.
Five European countries and the European Commission have held emergency talks on the US demand that European countries release their strategic diesel stocks. Washington is pushing for the release of around 120 million barrels of European diesel reserves or threatens to restrict US diesel exports. The European parties have agreed to respond to the pressure in a coordinated manner, within the framework of the International Energy Agency. The stake…
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