Veytics Intelligence
2026-10-02 · CNBC

U.S. urges Europe to ‘immediately’ release diesel reserves as Iran war fuels record prices

The Trump administration has pushed for European countries to urgently release some of their diesel reserves, saying U.S. farmers, truckers and businesses should not be left carrying the burden for global supply disruptions. The message comes as U.S. President Donald Trump continues to mull over whether to move ahead with a diesel export ban as part of an attempt to get a handle on high energy prices. Average U.S. diesel prices surged to a record high of $6.50 per gallon late last month, according to AAA, up sharply from a year ago amid supply disruptions fueled by the Iran war and Russia's full-scale invasion of Ukraine . In a post on social media, U.S.

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