U.S. President Donald Trump has pressured European countries to release emergency diesel reserves to help ease soaring fuel prices, warning that the United States could restrict diesel exports if they fail to act.
The Trump administration has reportedly urged France and Germany to draw down their strategic diesel stocks, with Washington seeking the release of about 120 million barrels over six months.
Britain on Thursday joined discussions with France, Germany, Italy and Ireland on whether emergency fuel reserves should be released.
A White House official said it was in Europe’s interest to cooperate with the United States, while cautioning that President Trump was considering all available options.
European officials, however, remain concerned that releasing large quantities of emergency stocks could leave countries exposed during the winter.
EU Trade Commissioner Maroš Šefčovič warned that a possible U.S. diesel export ban could have serious consequences for Europe’s economy.
European leaders have instead called for a coordinated international response to the global fuel supply crisis, amid concerns over rising prices and disruptions linked to conflicts affecting major oil-producing and refining regions.
