
US Treasury Secretary Scott Bessent called on European allies to immediately make additional diesel supplies available to address global disruptions, saying the US was meeting its commitments to stabilize energy markets.
AI-generated summary
The United States has asked European allies to increase diesel availability to address global energy supply chain disruptions.
The US is asking Europe to make more diesel available. Treasury Secretary Scott Bessent writes this on X: "The US is honoring its commitments to help stabilize global energy markets."
Therefore, "America is doing its part and we expect our allies to follow up their commitments with action." European partners "should accelerate the fulfillment of commitments already made and make additional supplies immediately available to address current disruptions.
US farmers, truckers and businesses should not bear the brunt of a global diesel shortage."

During a campaign trip to Texas, Donald Trump suggested the US could ask Europe to release its diesel reserves to ease supply chain strains and rising prices, shortly after Treasury Secretary Scott Bessent made a similar call on X.

Financial markets are under pressure due to the increase in government bond yields, driven by fears over inflation linked to the rise in Brent oil above 100 dollars a barrel and by concerns about public debts, especially in the United States and Europe. The spread between BTPs and German Bunds rises to 118.5 basis points, while European stock markets close lower, with Milan in the black (-2.2%).

European stock markets closed lower, with London down 1.68%, Paris 1.62% and Frankfurt 1.03%. Piazza Affari marks the most marked decline, with the Ftse Mib losing 2.21% to 50,237 points.

The president of Confindustria, Emanuele Orsini, speaking at the Genoa Boat Show, urges the government to be more bold in Europe to protect Italian companies, citing the need for interventions on energy, taxation and bureaucracy.

In August, financial advisory networks recorded net collections of 4.7 billion euros, marking +28.7% on an annual basis. Managed savings absorbed 60% of the resources, while the balance sheet for the first eight months rose to 45.7 billion.

In August, employment in Italy remained at its highest (24.35 million) but recorded a slight cyclical decline (-5 thousand). The unemployed are increasing (+48 thousand) and the inactive are decreasing. Permanent work is consolidated, despite the mismatch between supply and demand.