Trump: Europe agrees to release diesel stocks ...Iraq

US President Donald Trump on Friday claimed that Europe had agreed to release a “massive amount” of diesel from its stockpiles, with the process to begin immediately.

Earlier today, European Union countries had discussed a French proposal for European states to release 50 million barrels of diesel and International Energy Agency (IEA) members to release another 50 million barrels of crude oil, three sources familiar with the talks told Reuters.

European Commission spokesperson Anna-Kaisa Itkonen rejected the threat on Friday, saying a ban would benefit no one and would undermine the EU’s trust in the United States as a reliable partner.

The IEA said its 32 member countries agreed in March to make 400 million barrels of oil from emergency reserves available to the market, the largest collective stock release in the agency’s history.

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