US Urges European Allies to Release Diesel Reserves Immediately as Fuel Prices Surge
The Trump administration urged European allies to promptly release their strategic diesel reserves to mitigate rising global fuel prices. On Friday, EU member states are scheduled to convene to address this crisis. In a social media update, US Treasury Secretary Scott Bessent emphasized the need for European partners to expedite existing commitments and provide additional supplies to counteract ongoing disruptions. Reports suggest that the administration is particularly focusing on France and Germany to utilize their diesel reserves, as prices have escalated due to the US conflict with Iran. A spokesman for the European Commission confirmed that EU member states will meet to formulate a coordinated response to the fuel price increase. This appeal was made on Thursday, amid concerns that high energy costs could negatively impact Republicans in upcoming elections.
Key facts
- The US told European allies on Thursday to release strategic diesel reserves "immediately"
- US Treasury Secretary Scott Bessent announced the request in a social media post
- France and Germany are reportedly the focus of the US push to tap diesel stockpiles
- EU member states will meet with the European Commission on Friday to discuss a coordinated response
- High energy costs threaten to hurt Republicans at the polls
- Diesel prices have soared amid the US war on Iran
- Bessent urged European partners to accelerate delivery on existing commitments
- A European Commission spokesman confirmed the Friday meeting
Entities
Institutions
- Trump administration
- European Commission
- US Treasury
- Group of Seven
- International Energy Agency
Locations
- United States
- Europe
- France
- Germany
- Iran