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Europe Caves: Trump’s Diesel Ultimatum Drops U.S. Prices – Here’s Why – October 3, 2026

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Barbara on the diesel squeeze: Ukraine’s strikes on Russian refineries, Trump’s threat to halt U.S. exports unless Europe released emergency stocks, and a G7 release of 100 million barrels as the start of a 35-day economic offensive into the midterms.

Barbara Boyd opens with diesel: as Ukraine’s strikes on Russian refineries tighten the world’s supply, President Trump threatened to halt U.S. diesel exports unless Europe released its emergency stocks, and the G7 agreed to release 100 million barrels. She presents it as the opening move of a 35-day economic offensive running into the midterms. The week of action includes Trump’s visit to the Peterbilt truck plant in Denton, Texas, where employee Sarah Renshaw credited tariffs for 1,000 new jobs; his Oklahoma rally; a White House luncheon with tech leaders on superintelligence; what the White House calls the largest steel plant ever built in the United States, coming to Iowa; Vice President Vance at the groundbreaking of Saronic’s Port Alpha shipyard in Brownsville, Texas; and South Korea’s plans for an Alaska LNG pipeline, a 6-gigawatt power plant in Texas and eight nuclear reactors. On affordability, the episode walks through price increases under Biden (energy up 33% from January 2021 to January 2025), Vice President Vance on the inflation crisis he says the administration inherited, refining capacity, housing regulation and immigration, Secretary Kennedy at the MAHA Summit on AI giving every patient a better-informed second opinion, and the White House fraud task force’s crackdown on Obamacare enrollments. It closes with Michael Shellenberger’s account of the student riots in France, French intelligence tying the movement to Jean-Luc Mélenchon’s France Unbowed (LFI), and NASA Administrator Jared Isaacman on a new golden age of space exploration.

00:00 The Saturday Wrap-Up – EUROPE CAVES: Trump’s Diesel Ultimatum Drops U.S. Prices — Here’s Why
02:04 The Offensive Begins
06:29 The Touchstones of Affordability
11:49 The French Riots

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