The American denies that the situation in the Middle East is the cause of the rising fuel prices.

Kate Abnett, Jarrett Renshaw and John Irish, reporting for Reuters:

The Trump administration has told Germany and France to draw down emergency diesel inventories to help ease soaring global fuel prices or ā€Œface a potential US diesel export ban, according to three people close to the discussions.

The warning marks an escalation in pressure on Europe as US President Donald Trump considers a potential ban to help bring down US fuel prices ahead of November’s midterm elections.

Last Updated on 2 hours ago