Trump Administration Urges EU to Release Over a Third of Its Diesel Reserves to Curb Prices

The Trump administration has floated a proposal to European governments to release 120 million barrels of diesel from their strategic reserves over 180 days, a move that would free more than a third of the roughly 315 million barrels the EU holds, according to Eurostat. The plan, presented by U. S. Energy Secretary Chris Wright, is intended as an alternative to President Donald Trump’s threat of a blanket ban on U. S. diesel exports. German officials confirmed that Washington had approached Berlin, and several other EU members were contacted for a coordinated release. The European Commission said any stock releases would only be agreed through the International Energy Agency, which oversees such coordinated actions. Trump remains open to a diesel export ban, noting it could lower diesel prices but might raise gasoline costs.