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U.S. asks Europe to release diesel reserves amid Iran-driven price surge
The request comes as EU officials prepare crisis talks over soaring diesel prices, warning a U.S. export ban could worsen Europe’s economic outlook.
CNBC World reports that the U.S. is urging European countries to immediately release diesel reserves as diesel prices rise to record levels amid the Iran war.
The outlet says EU officials are planning crisis talks due to the soaring diesel market, with warnings that a potential U.S. export ban could negatively affect Europe’s economic outlook.
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