Statement from US President Trump: Europe to Release Diesel Reserves to the Market
An agreement has been reached regarding the release of Europe's large amounts of diesel reserves to the market, and the process is being launched rapidly.
US President Donald Trump announced that European countries have agreed to release a large portion of the diesel held in their reserves to the market, and that this process will be implemented immediately.
Statement from Trump on Social Media
In an official statement via the social media platform Truth Social, US President Donald Trump announced that he approved Europe's decision to release a high volume of diesel from its reserves into the market.
Changes in Diesel Prices in the US
According to data from the American Automobile Association, diesel prices in the country had seen record levels in September and then registered a decline in the first days of October.
Export Restrictions and Supply Calls
While the administration was evaluating export restrictions in the face of rising prices, Treasury Secretary Scott Bessent had also called on European partners regarding global supply disruptions.