What Did Trump Say About Europe’s Diesel Reserve Release

The announcement comes as US diesel prices reached a record $6.50 per gallon late last month

, and TIPP Staff

October 2, 2026 . 11:21 AM

2 min read

President Donald Trump said Europe has agreed to release large diesel reserves as wars in Eastern Europe and the Middle East strain global fuel supplies, according to his Truth Social post.

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Trump said the release would begin immediately. The announcement comes as US diesel prices reached a record $6.50 per gallon late last month, according to AAA. Treasury Secretary Scott Bessent has urged European allies to accelerate existing fuel commitments and provide additional supplies.

EU officials are preparing crisis talks on diesel prices. Reuters reported France proposed releasing 50 million barrels of diesel from EU reserves, alongside 50 million barrels of crude from International Energy Agency members, although CNBC could not independently verify the proposal.

The US supplied about half of Europe’s diesel imports in August, according to the IEA. Energy analysts said the crisis reflects broader global energy shortages, with Macquarie’s Walt Chancellor arguing that restoring oil flows through the Strait of Hormuz is central to easing pressure.

Related Tweet:

US President Donald Trump said that European countries have agreed to release a "massive amount" of their diesel stocks, with the process set to begin "immediately."

"Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil. The process will begin… pic.twitter.com/OJCsUejYG1
— The Cradle (@TheCradleMedia) October 2, 2026