The Trump administration has urged European countries to release some of their diesel reserves urgently, arguing that U.S. farmers, truckers and businesses should not bear the brunt of global supply disruptions.
The call comes as U.S. President Donald Trump considers whether to impose a ban on diesel exports as part of efforts to ease rising energy prices.
According to AAA, average U.S. diesel prices climbed to a record $6.50 per gallon late last month, marking a sharp increase from a year earlier amid supply disruptions linked to the war in Iran and Russia’s full-scale invasion of Ukraine.
In a social media post on Thursday, U.S. Treasury Secretary Scott Bessent urged European allies to “accelerate delivery on their existing commitments” and make additional fuel supplies available immediately to help address ongoing disruptions.
He added: “America is doing its part. We look to our allies to match their commitments with action.”
The Biden administration is also facing growing political pressure to contain surging fuel prices ahead of the U.S. midterm elections in November.
The prospect of the world’s largest diesel exporter imposing an outright ban on diesel exports has drawn strong opposition from the U.S. energy industry and raised concerns among European countries.
The United States supplied about half of the European Union’s diesel imports in August, according to the International Energy Agency, highlighting the 27-member bloc’s reliance on U.S. supplies and its exposure to a potential export ban.
EU member states are set to hold crisis talks on Friday to discuss a coordinated response to soaring diesel prices.
