Europe agreed on Friday to release emergency diesel stockpiles under pressure from Donald Trump, as global shortages saw prices rise above £2 a litre for the first time.
G7 countries including Britain, France and Germany said they would release up to 100 million barrels starting immediately after the US threatened a diesel export ban.
European leaders had sought to defy the US President’s demands over fears the continent could be left exposed to diesel price rises this winter if the Iran war drags on.
But after a meeting of G7 leaders yesterday, European countries gave in to Mr Trump’s demands, with experts claiming the White
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