US diesel export ban would hit Finland too, expert says

The Trump administration is preparing a 90-day diesel export ban, according to Politico, aiming to lower domestic energy prices before midterm elections. An expert says the ban, if implemented, would have global effects, including on Finland. The Confederation of Finnish Industries' Arttu Karila notes that the US has been the key market balancer amid disruptions from Russia's war and attacks on Iran. While Finland faces no supply shortage due to domestic refining capacity, it remains exposed to price impacts. Karila doubts the ban would work as intended, as US diesel prices are tied to global levels, not scarcity. Reduced refinery output could lower gasoline supply, potentially raising gasoline prices instead. He urges continued work on clean energy and diversification.