US considers diesel export ban as fuel prices surge before elections

nordkurier.de (German)

The US government is considering a diesel export ban to address rising fuel prices, a move that could impact Europe. President Donald Trump announced the review during the UN General Assembly in New York. Trump stated that halting exports could slightly lower domestic fuel prices, and Treasury Secretary Scott Bessent confirmed feasibility studies are underway for either a full or partial ban. The US is Europe's second-largest diesel supplier after the Middle East. Fuel prices have surged due to the Iran war, with gasoline up nearly 50 percent and diesel at record highs ahead of November elections. Several Republicans have endorsed the export stop, blaming the conflict for high costs.


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