Trump vs Europe as US presses for release of emergency diesel stocks

European Union officials have held an emergency call after the Trump administration pressured Europe to release its emergency diesel stocks to help ease soaring diesel prices.The US and Israel’s war on Iran, as well as Russia’s war on Ukraine, have triggered a spike in global diesel prices, which is damaging Trump politically at home.Recommended Stories list of 3 itemslist 1 of 3Oil prices surge as US-Iran strikes intensify in Strait of Hormuzlist 2 of 3Brent crude surpasses $100 a barrel as Iran, US escalate attackslist 3 of 3Rising petrol costs drive sharp inflation increase in US in Augustend of listUS diesel prices have surged, hitting a record of $6.53 ⁠⁠⁠⁠per gallon last week. The average price of diesel in Europe has also hit an all-time high of 2.24 euros per litre ($9.56 per gallon), according to European Commission data.The spike in US diesel prices has prompted the Trump administration and Republican lawmakers to consider restricting US diesel exports ahead of the upcoming November midterm elections.Here’s what we know.What pressure is the US putting on Europe?Last week, Trump pressured Ukraine to stop attacking Russian diesel facilities amid the war, which Russia starte...