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The move comes as part of Britain's response to the Iran war, with the conflict triggering the largest supply disruption in the history of the oil market.
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Market data shows the amount of oil trade rose before the US President said he would postpone attacks on Iran's power plants.
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Former GM executive CEO Pamela Fletcher told CNBC "the faster path, and frankly, a big need, is out there in this defense space."
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Diesel prices have surged about 40% to $5.29 per gallon, the highest level since 2022, as the U.S. war against Iran has disrupted oil supplies.
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