US says Europe should ready fuel supplies as Trump threatens diesel ban

Author: bbc.co.ukPublished on: October 1, 2026Country: United States
Business & Economy
US says Europe should ready fuel supplies as Trump threatens diesel ban

Donald Trump has said he may ask European countries to release some of their diesel reserves as he considers banning US exports of the fuel amid a global shortage. Treasury Secretary Scott Bessent urged immediate release of European reserves to address rising prices and support American farmers, truckers, and businesses. The US, a major exporter of diesel, could restrict shipments, potentially increasing global prices. The UK has seen record-high diesel prices, and European discussions are underway for a coordinated response.

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