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Edition 2026-10-02

WORLD

Trump administration considers requesting European diesel reserves amid price surge

The most newsworthy fact is that President Donald Trump indicated the United States might ask European nations to release diesel reserves as Washington seeks to curb soaring die...

By aljazeera · 21d ago · Source: aljazeera

Full article

The most newsworthy fact is that President Donald Trump indicated the United States might ask European nations to release diesel reserves as Washington seeks to curb soaring diesel prices linked to regional tensions. Treasury Secretary Scott Bessent had previously urged Europe to tap its reserves immediately, posting on social media that European partners should accelerate delivery on existing commitments and make additional supplies available to address ongoing disruptions. US Trade Representative Jamieson Greer said he believed France, Germany and Italy would welcome a cooperative path forward on increasing diesel supplies. European capitals coordinated diesel measures on Thursday, while US Energy Secretary Chris Wright expressed confidence Europe could help ease global price pressures by releasing emergency diesel inventories. European Commission data showed 12 EU member states, including Italy, Belgium, Romania and Poland, had recorded new all-time highs for diesel prices, with US diesel reaching a record $6.53 per gallon a week earlier. The price spike prompted the Trump administration and Republican lawmakers to consider restricting US diesel exports ahead of the midterm elections. EU trade chief Maros Sefcovic described a potential US ban on diesel as unexpected but warned it would have detrimental effects on Europe’s economy. France and Germany hold more than a third of the EU’s strategic diesel reserves, according to Reuters.

Source transparency

Publisher
aljazeera
Reliability
high
Published
10/2/2026, 12:30:39 PM
Retrieved
10/2/2026, 12:30:39 PM
Relevance
80%
Confidence
85%
Read original at aljazeera

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