US President Donald Trump has warned that the United States could halt diesel exports as fuel shortages and rising prices put pressure on consumers and businesses. He also indicated that he may ask European countries to release some of their diesel reserves to help ease supply constraints.
Trump said American farmers, truckers and businesses should not be left carrying the burden as fuel prices rise. His remarks came after US Treasury Secretary Scott Bessent called on European countries to prepare and release diesel supplies immediately.
Pressure to release fuel reserves
The US push for Europe to make diesel available comes amid a wider effort to increase fuel supplies. Reports said G7 nations agreed to release 100 million barrels of crude oil and diesel into the market.
Trump's warning signals that the administration is considering limits on US diesel exports while seeking additional supplies from abroad. The reported G7 release is intended to add crude oil and diesel to the market as the global fuel shortage and rising prices continue.
