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European-British Talks End Without Diesel Release
Europe and Britain held urgent meetings to discuss how to respond to Washington's demand for the use of emergency diesel reserves, but no final decision was reached. They are debating between refusing to participate and some countries being willing to negotiate. European nations fear potential repercussions on fuel supplies during the winter, especially given concerns about escalating the crisis in the Gulf and threats from the Houthi movement. The United States offered the European Union releasing 120 million barrels from its reserves, but there is hesitation to accept this, out of fears that the situation might worsen and European storage could be harmed — notably since Germany and France have reserves sufficient for hundreds of days, while Britain relies heavily on imports from the U.S. This debate comes amid American preparations to cut fuel prices ahead of the midterm elections, with concerns that Europe's refusal could lead to a ban on American diesel exports.
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