UK holds talks on emergency diesel stocks amid US export threat

Britain held urgent talks with European partners about releasing emergency diesel stocks after President Donald Trump threatened to restrict US exports unless Europe helped increase fuel supplies. The discussions reflect growing pressure on governments to ease rising prices as conflicts disrupt global trade in refined oil.

UK officials spoke with Germany, France, Italy, Ireland and the European Commission. A US official said Washington had asked the EU to release 120 million barrels of diesel over six months; France is also planning a G7 leaders’ video conference on fuel prices and reserve coordination. UK diesel averaged 199.72p per litre, above its June 2022 record of 199.09p, while petrol averaged 174.54p. The article attributes supply pressures to reduced Russian exports and disruption linked to the US-Iran conflict.