00:00Europe is heading into winter and the U.S. has just threatened to cut off Europe's fuel supply.
00:04According to Bloomberg, Trump's move to ban U.S. diesel exports has sent European diesel prices
00:10this week to the highest level ever recorded. Europe gets about half of its diesel from the
00:15United States. Since 2022, no Russian diesel has been coming to Europe. The U.S. has become
00:22Europe's most important alternative. And now Trump is threatening to cut off that supply.
00:27And now look at what's happening at the same time. The Strait of Hormuz is still blocked
00:32by Iran. Saudi Arabia's pipeline was destroyed in drone attacks. Russia is cutting its own
00:39diesel exports. Pretty much all the major routes that supply Europe with fuel are under pressure
00:44at the same time. And winter starts in six weeks. Truck drivers, farmers, factories, heating
00:51systems, all of them depend on diesel. And they could all feel the consequences. Europe
00:57has no plan B and time is running out.
