U.S. pressures European allies to release diesel reserves as Trump considers export ban

Live updates

1. 1h ago

   Trump Drops Diesel Export Ban After G7 Agrees to Release 100 Million Barrels

   President Donald Trump has ruled out a ban on diesel exports following an agreement among G7 nations to release 100 million barrels from their stockpiles. The decision follows a period of intense pressure from the U.S. administration on European allies, specifically France and Germany, to release strategic reserves to lower soaring global fuel prices. While Trump previously stated the ban remained on the table as diesel prices hit a record 6.53, he now insists the measure was never seriously under consideration.

   Why it matters

   The crisis was driven by soaring fuel costs and the U.S. war on Iran. Washington sought to increase global supplies by demanding Europe release more than a third of its diesel reserves. The tension prompted emergency meetings between EU member states and crisis talks involving the UK and Brussels.

   What is confirmed

   • G7 nations agreed to release 100 million barrels from their stockpiles.
   • President Donald Trump announced he is ruling out a ban on diesel exports.
   • The U.S. administration pressured European allies to release strategic diesel reserves to curb soaring prices.
   • Diesel prices reached a record 6.53.
   • The U.S. energy chief requested that Europe release more than a third of its diesel reserves.

   Still unconfirmed

   • The U.S. told France and Germany they would face an export ban if they did not release diesel stocks.
   • The U.S. war on Iran drove the increase in diesel prices.

   What to watch next

   • Verification of the physical release of the 100 million barrels from G7 stockpiles
   • Impact of the reserve release on global diesel price trends
   Sources used for this update (19)

   1. Politico — Trump says diesel export ban is still on the table
   2. Reuters — EXCLUSIVE: US tells France and Germany to release diesel stocks or face US export ban, sources say
   3. politico.eu — Trump’s energy chief asked Europe to release more than a third of its diesel reserves
   4. The New York Times — Trump’s Threat to Ban Diesel Exports Sets Off Global Alarms
   5. bbc.com — UK in talks with EU partners to release strategic fuel reserves if needed, BBC understands
   6. NBC News — U.S. pressures European allies to release diesel reserves as Trump considers export ban
   7. yahoo.com — UK in crisis talks with Brussels as Trump mulls fuel reserves
   8. www.theguardian.com — Britain in talks with European allies over release of ...
   9. www.aljazeera.com — Trump vs Europe as US presses for release of emergency diesel stocks | Oil and Gas News
   10. www.arise.tv — Trump Urges Europe To Release Diesel Reserves As US Weighs Export Ban – Arise News
   11. www.yahoo.com — Trump Backs Off Diesel Export Ban as G7 Releases Reserves
   12. www.channelnewsasia.com — US tells European allies to act 'immediately' to lower diesel prices - CNA
   confidence 90%