Trump considers 'very serious' diesel export ban as US becomes world's top supplier

US President Donald Trump said he is "very seriously" considering a ban on diesel exports, a move that could impact global fuel markets and domestic prices. Trump made the statement to a Fox News journalist on Sunday near Chicago, according to Bloomberg. He acknowledged the measure might raise gasoline prices for motorists. The potential ban follows global supply disruptions, including the blocked Strait of Hormuz and Ukrainian strikes on Russian refineries. The US has become the world's "supplier of last resort," with August diesel exports hitting a record of nearly 2 million barrels per day. Retail diesel prices in the US recently reached about $6.50 per gallon. Officials have analyzed the ban's effects, while some companies are adding contract clauses in case it takes effect.