European Union countries on Friday discussed a French ​proposal to release additional diesel ‌stockpiles, in response to US pressure on European nations to unleash more ​supplies in an attempt ​to reduce surging fuel prices,

President Donald Trump has pressured Europe to help lower diesel prices or face an export ban as he seeks to reduce energy prices before the midterms.

US President Donald Trump says he may ask European countries to release diesel reserves as he considers banning US exports of the fuel. The move could bring prices down significan

The Trump administration asked European allies to release diesel from their emergency stockpiles, to increase global supplies and tamp down on soaring prices.

Oil prices surged after Donald Trump made a bold claim about Iran that shifted the market’s direction. The president denied reports of offering sanctions relief, while Qatar pushed for diplomatic breakthroughs amid ongoing Middle East tensions.

Oil prices rose on Wednesday after US President Donald Trump denied he would be willing to ease sanctions on Iran while Qatar pushed for peace talks, after falling in the previous session on a recovery in crude supply from the Middle East.

The indirect talks come as the conflict, which is entering its eighth month, has caused global economic damage and badly battered Iran.

Oil prices rose on Wednesday and were on track for a big monthly gain as US-Iran talks aimed at ending their war stalled and tight fuel markets continued to underpin prices despite recovering Middle East crude supplies.