The American administration is demanding that European countries release 120 million barrels of diesel from strategic stockpiles over six months.
Trump threatened the US could compel European countries to tap their fuel reserves. The US is threatening to place a 90-day embargo on refined diesel exports if European capitals do not comply.
Retail diesel in the US reached an average of US$6.53 per gallon, a stunning 70% increase since the Americans started the war in Iran on February 28, 2026, 7 months 4 days since.
We just want to make sure that American workers and farmers are getting the diesel they need at a price that they can manage. And part of that is getting those supplies to market.
— Jamieson Greer
US Treasury Secretary Scott Bessent posted on X that American farmers, truckers, and businesses should not carry the full economic burden of surging fuel costs alone.
The US midterm elections are on Nov 3.
Last Updated on 50 minutes ago