UK in talks with EU partners to release strategic fuel reserves if needed, BBC understands
The UK is in discussions with EU partners regarding the potential release of strategic diesel reserves as the US considers an export ban. The US administration is weighing the ban to address domestic shortages and rising prices ahead of midterm elections.
Why it matters
A US export ban on diesel could trigger global supply chain disruptions and further inflate energy costs in Europe and the UK.
Image source, Shutterstock By Oliver Smith , Senior business producer , Simon Jack , Business editor and Archie Mitchell , Business reporter Published 1 October 2026 Updated 4 minutes ago Donald Trump has said he may ask European countries to release some of their diesel reserves as he mulls a ban on US exports of the fuel amid a global shortage.
The comments followed his Treasury Secretary Scott Bessent urging Europe to immediately ready and release such supplies, arguing that US "farmers, truckers, and businesses should not be left carrying the burden" as prices soar.
The US has threatened to restrict diesel exports amid surging costs due to the war in Iran. The issue is top of mind for US voters ahead of the crucial midterm elections.
On Thursday, the UK held talks with European partners about the potential release of diesel reserves in response to any ban.
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