US President Donald Trump says Europe agreed to release a ‘massive amount’ of diesel from emergency stockpiles as the US seeks to lower fuel prices. The proposed release could involve roughly 100 million barrels amid the US war on Iran and elevated fuel costs.
Published On 2 Oct 20262 Oct 2026
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Published On 2 Oct 20262 Oct 2026
United States President Donald Trump has said Europe has agreed to release a “massive amount” of their diesel stockpile, although no European parties have confirmed the claim.
Trump made the statement on his Truth Social account on Friday as he has heaped pressure on European countries to release diesel stockpiles to ease soaring prices caused by the US-Israel war with Iran and the resulting constriction of traffic via the Strait of Hormuz.
Trump had previously floated banning US diesel exports if European countries did not comply. The European Union had earlier on Friday said it “fully rejects” the threat.
More to come…