If Trump bans U.S. diesel exports, global prices will go even higher, experts say
Experts warn that a proposed U.S. ban on diesel exports could destabilize global energy markets and drive prices even higher. While the idea has been discussed by political figures, officials have denied that a formal ban is currently being prepared.
Why it matters
Diesel is a critical fuel for global logistics and transportation; supply disruptions could exacerbate inflation and energy costs.
During a meeting with Ukrainian President Volodymyr Zelenskyy at a UN General Assembly on Tuesday, Trump said he's called for a diesel export ban.
"I've said, 'Let's not send out the diesel.' We make a lot of diesel. That could have a little bit of an effect on regular automobile gasoline," said Trump, whose fellow Republicans are facing pressure over gas prices going into November's midterm elections.
U.S. Treasury Secretary Scott Bessent, who was on hand, said Washington is examining "whether it's feasible … and whether a full or partial ban would work."
And yet a White House official on Thursday denied a Politico report that the U.S. is actively preparing a 90-day ban of diesel exports, and U.S. Energy Secretary Chris Wright has said no one is considering a total ban.
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