US presses Europe to release diesel reserves as prices hit record

Donald Trump said the US may ask European countries to release diesel stocks as Washington seeks to curb record fuel prices.

• Trump told reporters Thursday the US may ask European countries to release diesel reserves, after Treasury Secretary Scott Bessent urged Europe to immediately tap its stocks.
• UK Energy Minister Martin McCluskey joined Ireland, the European Commission, France and Italy in a Thursday call on possible releases of fuel stocks.
• US diesel prices hit a record $6.53 per gallon last week, with European Commission data showing 12 member states at all-time highs.
• Putin said Russia will not supply diesel to global energy markets until sanctions on Moscow are lifted.
• The Trump administration asked Germany and France to tap emergency diesel stocks, threatening to ban US diesel exports to them otherwise.
• UK Transport Minister Keir Mather said the country is not facing a diesel shortage, with supply resilient and talks underway with European partners on releasing emergency stocks.
• UK average pump prices hit an all-time high of 199.72p per litre this week.
• The UK government extended its 5p fuel duty cut until the end of the year.
• The average UK diesel price exceeded £2 per litre for the first time, reaching 200.01p, according to the RAC.
• Filling an average family car now costs £110, nearly £32 more than before the conflict.
• US President Trump pressed Ukraine to halt attacks on Russian refineries to ease the global fuel squeeze.
• The European Union rejected the US threat to ban diesel exports, saying it would undermine confidence in Washington as a reliable partner.