US tells France and Germany to release diesel stocks or face US export ban: Report
- 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.
197 Articles
197 Articles
French officials proposed a large-scale use of strategic oil and diesel reserves during emergency talks on Friday, following a US threat that European countries would face a fuel export ban if they did not release the reserves, Politico reports.
derwesten.de
Donald Trump picks up the European states. Apparently, he's looking for their diesel supplies.
As Donald Trump presses Europe to release oil reserves, the US is sending a third aircraft carrier to Iran. The development raises concerns that high energy prices could take hold.
Washington. The U.S. government urged Germany and France to reduce their emergency diesel reserves to help moderate global prices, and amassed a possible ban on diesel exports, said three people close to the negotiations.
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