US tells European allies to act ‘immediately’ to lower diesel prices

The US on Thursday told its European allies to help lower global diesel prices by releasing strategic reserves “immediately,” with EU member states due to discuss the crisis on Friday. Reports said the Trump administration wants France and Germany in particular to tap their stockpiles of diesel to try to curb prices sent soaring by the US war on Iran. “Our European partners should accelerate delivery on their existing commitments and make additional supplies immediately available to address...