Trump vs Europe as US presses for release of emergency diesel stocks | Oil and Gas News | Al Jazeera

Author: Priyanka ShankarPublished on: October 2, 2026Country: United States

Business & Economy

Trump vs Europe as US presses for release of emergency diesel stocks | Oil and Gas News | Al Jazeera

The US has pressured Europe to release its strategic diesel stocks to help ease soaring diesel prices, which hit a record of $6.53 per gallon in the US and €2.24 per litre in Europe. The spike is driven by the US-Israel conflict with Iran and Russia's war on Ukraine. The Trump administration has proposed that Europe release 120 million barrels of diesel from its reserves over 180 days, ahead of the November midterm elections.

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