US Energy Secretary says diesel export ban could raise fuel prices

U.S. Energy Secretary Chris Wright said Wednesday that a U.S. ban on diesel exports would not work and could raise gasoline and jet fuel prices, contradicting President Donald Trump, who supports the idea. Diesel prices have hit record highs amid conflicts with Iran and Ukraine. Wright argued that halting exports would force refineries to cut production due to storage limits, driving up costs for other fuels. He said the administration prefers voluntary cooperation with the refining industry to boost supply, though no decisions have been made. Other officials, including Interior Secretary Doug Burgum, oppose the ban, warning of retaliatory measures. Energy analysts agree it could backfire, as refineries running near capacity would reduce output of gasoline and other products.