UK in talks with EU partners to release strategic fuel reserves if needed, BBC understands
The UK government is consulting with EU partners to prepare for a potential release of strategic fuel reserves. This follows threats from US President Donald Trump to ban diesel exports, which could drive up global prices.
Why it matters
Energy security is a major concern for the UK, and potential US export restrictions could exacerbate existing inflationary pressures on fuel.
Image source, Getty Images Image caption, Energy Minister Martin McCluskey held talks with EU counterparts about a diesel export ban
Britain is in talks with EU partners to release additional strategic fuel reserves, including diesel, if needed, the BBC understands.
The talks come after President Donald Trump threatened to ban diesel exports from the US in a bid to reduce record prices at the pumps for Americans.
Diesel prices in the UK also hit record highs this week and are hovering just under 200p per litre, according to motoring organisation the RAC.
The US is a vital supplier of diesel to the world, exporting between 1.2 and 1.5 million barrels per day, with experts warning a ban on shipments abroad could put further pressure on prices in other countries.
"We're thinking about it very seriously," Trump said of an export ban at the weekend.
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