EU Rejects Trump’s Diesel Export Ban Threat, Calls for Action on Fuel Prices

The European Union has rejected US President Donald Trump’s threat to ban diesel exports, calling for action to contain a sharp rise in fuel prices.

The United States is pressing Europe to release diesel reserves as part of its response to the price surge. That pressure comes alongside Trump’s threat to restrict exports.

The dispute puts the use of stored fuel at the centre of the debate over how to ease the strain on diesel supplies and prices.

An export ban would limit access to US diesel for overseas buyers, while releasing European reserves would make stored supplies available to the market.

The EU’s rejection underscores a disagreement with Washington over how to respond to rising fuel costs, even as it urges action to curb the increase.