White House weighs 90-day diesel export ban to curb prices

skai.gr (Greek)

The Trump administration is preparing a plan to ban diesel exports for 90 days to curb energy prices, despite internal disagreements and industry backlash, five people with knowledge of the discussions told Politico on Wednesday. The move pressures Republicans ahead of the midterm elections. The ban's legal process is still being drafted, and it has strained relations with the oil industry. Industry representatives warn that any short-term benefit could ultimately be offset by higher fuel prices in the future. A potential halt to shipments would mark the first restriction on U.S. energy exports since 2015, when the Obama administration lifted a decades-long ban on crude oil exports.


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