US urges Europe to release diesel reserves to curb prices amid Iran conflict

The US is actively considering a diesel export ban and pressuring European allies to release strategic diesel reserves to curb rising fuel prices, driven by domestic political concerns and the Iran conflict. This marks an unprecedented use of energy leverage, creating transatlantic friction and exacerbating global diesel supply tightness already impacted by Russian export bans and refinery strikes. The timing and scale of any US export ban or coordinated EU reserve release remain uncertain.