US President Donald Trump has stated that he might ask European nations to release a portion of their diesel reserves.
Amid a diesel shortage, Trump is considering banning diesel exports from the US.
Trump's remarks follow a call by US Treasury Secretary Scott Bessent for Europe to keep such reserves ready and release them if necessary.
Bessent stated that the burden of rising prices should not be placed on American farmers, truck drivers, and businesses.
The US has warned of a potential ban on diesel exports amidst rising prices driven by the conflict involving Iran.
This issue remains significant for American voters ahead of the US midterm elections.
On Thursday, the UK held discussions with European partners regarding the release of diesel reserves in the event of a potential ban.
The US is a key global supplier of diesel, exporting between 1.2 million and 1.5 million barrels daily.
Experts have warned that banning diesel exports could exert further upward pressure on prices in other countries.
(Click here for Android APP of IBTN. You can follow us on facebook and Twitter)
About sharing
02 Oct 2026
Pakistan and Qatar condemned the reported attack on Medina
The military coalition supporting Yemen's internationally recognized government has acc...
02 Oct 2026
If there is an attempt to cut off Kaliningrad from Russia, Russia will be prepared to use nuclear weapons: Putin
Russian President Vladimir Putin has stated that if Russia perceives a direct attack on Kal...
01 Oct 2026
Abbas Araghchi responded to Britain's serious allegations against Iran
British Prime Minister Andy Burnham has stated that the government has received "stron...
01 Oct 2026
Russia has once again launched a major attack on Ukraine
Russia has once again launched a major attack on Ukraine. According to Ukrainian Prime Mini...
29 Sep 2026
India Participates in Ongoing SCO Meeting in Islamabad
India Participates in Ongoing SCO Meeting in Islamabad
Tuesday, ...