Trump weighs diesel export ban as US fuel prices surge

manager-magazin.de (German)

US President Donald Trump is considering a diesel export ban to address rising fuel prices in the United States, a move that could impact European prices. The US is Europe's second-largest diesel supplier after the Middle East. Trump said the US produces large amounts of diesel and halting exports could slightly lower domestic fuel costs. Treasury Secretary Scott Bessent confirmed the government is examining the feasibility of a full or partial export stop. Fuel prices have surged due to the Iran war, with diesel hitting record highs ahead of November congressional elections. Some Republicans have backed the export ban, though oil prices have recently fallen for six consecutive days.


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