Trump Signals Backing for US Diesel Export Ban to Tackle Soaring Prices

1 min read
Source: Financial Times
Trump Signals Backing for US Diesel Export Ban to Tackle Soaring Prices
Photo: Financial Times
TL;DR Summary

Donald Trump says he would back suspending US diesel exports to curb soaring fuel prices driven by conflicts in the Middle East and Ukraine, a stance he voiced after meeting Zelenskyy. The administration is reportedly weighing feasibility, reversing a prior position. Diesel prices hit a record around $6.53 per gallon as markets tighten, and a ban could ripple to Europe and Latin America. Industry groups warn such a move would raise prices and hurt consumers, while some Republicans back the idea and others resist, highlighting a potential intra-party split.

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