EU agrees to release diesel stocks after US pressure

BRUSSELS: European countries agreed to release diesel stocks on Friday after the White House pressured governments to do so, in a bid to cool surging fuel prices linked to the Iran war. “Europe has just agreed to release a massive amount of their heavily stocked diesel oil. The process will begin immediately,” President Donald Trump wrote in a post on Truth Social. Trump’s statement followed talks on Friday among EU governments, who discussed a proposal by France for European countries to release 50 million barrels of diesel, and for International Energy Agency members to release 50m barrels…