Allies’ Diesel Release for Trump Covers Just Five Days of U.S. Demand
U.S. allies agree to release diesel under Trump’s pressure, but it only meets U.S. demand for five days.
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U.S. allies have agreed to release diesel under pressure from President Donald Trump, but the supply is expected to cover less than a week of American demand. The International Energy Agency (IEA)’s governing board approved accelerating the release of emergency stockpiles, including over 20 million barrels of diesel, as soon as possible. According to CNBC, the diesel would last the world less than a day and the U.S. just over five days.
Trump tweeted on Truth Social on October 2 that “Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil. The process will begin immediately,” a statement the White House shared on X. The IEA did not respond to the Daily Caller News Foundation’s request for comment.
The board tied the diesel release to the roughly 100 million barrels its members still have to release under the emergency plan adopted in March after the Strait of Hormuz crisis. About 330 million barrels have already been released, and some members have released or plan to release more than their pledged amounts, pushing the total past the original 400 million barrels. The 100 million barrels pledged by the Group of Seven nations would complete the IEA members’ releases from March rather than add new oil.
The Trump administration had warned France and Germany that it could bar U.S. diesel exports unless they opened their emergency reserves, according to a report from the Daily Caller News Foundation on October 1, citing Reuters. Diesel averaged $6.32 a gallon nationally on Thursday, about 21 cents below the record set on September 22, according to the American Automobile Association (AAA).
The IEA consists of 32 member countries, with the majority in Europe. Other members include the U.S., Canada, Mexico, Australia, New Zealand, Japan, and South Korea.
Source: Daily Caller
