US Considers Diesel Export Ban to Cut Fuel Prices, Impacting Europe

The US government is considering a diesel export ban to address rising fuel prices, President Donald Trump announced at the UN General Assembly. The measure could impact European supply. Trump said the US produces significant diesel and halting exports might slightly lower domestic prices. Treasury Secretary Scott Bessent confirmed feasibility studies are underway, with a full or partial stop possible. 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, including Senate candidate Mike Rogers, have urged the export ban, blaming the conflict for high costs.