Trump Weighs Diesel Export Ban as Midterm Election Worries Grow

President Donald Trump is considering a diesel export ban to address soaring U.S. diesel prices ahead of the November midterm elections, weighing the politically charged option amid intense internal debate. On Wednesday, he signaled the possibility during a meeting with Ukraine's president, following a 16.2% monthly price surge. The proposal, floated for months due to high fuel costs from the Iran war and Ukrainian attacks on Russian refineries, has split lawmakers and industry. Republican candidates in farm and northern states demand action, but analysts warn a ban could backfire, potentially raising gasoline prices by 25 cents per gallon due to refinery storage limits. While a 90-day ban is reportedly under consideration, officials deny this, and Energy Secretary Chris Wright insists exports won't stop, though he hinted at possible voluntary industry adjustments. The White House remains caught between political pressure and market risks.