Ministers discuss drawing down EU countries’ reserves after Donald Trump threatens to cut off US supplies

Britain is in talks with European allies over releasing emergency diesel stockpiles after Donald Trump threatened to cut off US supplies of the fuel.

Ministers held calls with counterparts from the European Commission (EC), Germany, France, Italy and Ireland on Thursday to discuss whether to draw down reserves after the Trump administration told Germany and France to release their stockpiles to help ease soaring global energy prices or face a US export ban.

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© Photograph: Andy Rain/EPA

© Photograph: Andy Rain/EPA

© Photograph: Andy Rain/EPA

The inquiry by the Commodity Futures Trading Commission centers on bets the former congressman made on Kalshi in the weeks before he was pardoned in January 2025.

© Eric Lee for The New York Times