Trump administration weighs ban on US diesel exports

Summarised from 10 outlets · 12 reports · Updated 24 Sept, 23:08 · Archive

The Trump administration is considering restricting or banning US diesel exports as prices hit record highs.

The Trump administration is examining the possibility of banning or limiting US diesel exports in response to soaring diesel prices, which have reached record levels above $6.50 a gallon in America. Treasury Secretary Scott Bessent said the administration is deciding between a full or partial export ban and plans to decide quickly. Energy Secretary Chris Wright said Wednesday the administration favours a voluntary cap rather than an outright ban. The oil industry and US allies including the EU have warned against such measures, saying they could cause supply problems and higher prices both domestically and globally. The UK receives about one-sixth of its diesel from the US, prompting concern among British politicians.

How it is being reported

• Would a diesel export ban work to lower prices?Oil prices continue to rise as a result of the war with Iran. The average cost of regular gas is now $4.48, and diesel is $6.53, according to AAA. Yahoo Finance reporter Brooke DiPalma has more on whether a diesel export ban would be effective in curbing gas prices.CBS News · 24 Sept, 22:56
• Macron says he pressed Trump not to ban diesel exportsThe French leader believes the decision would hurt the U.S. economy as well as the rest of the world.Politico Europe · 24 Sept, 21:20
• EU says Trump plan to ban US diesel exports would ‘negatively impact both sides’US president’s suggested 90-day export ban before midterm elections could bring even higher fuel prices across Europe Business live – latest updates The EU has warned Donald Trump against plans to ban US diesel exports to the global market, saying the move would negatively affect Europe and the US. The European Commission has reacted with “concern” to reports this week that the US president could prevent diesel from reaching the global market. Continue reading...The Guardian · 24 Sept, 15:46
• The White House may soon announce a nonsensical diesel-export banRestricting sales of the fuel would create more problems than it solvesThe Economist · 24 Sept, 10:13
• Diesel prices could rise 'north of £2.50' as Donald Trump considers US fuel export banBritish drivers are being warned that they could face enormous diesel costs in the near future as US President Donald Trump threatens to ban exports of fuel. Reports have suggested that the United States is considering banning the export of diesel in response to soaring fuel prices, stemming from the war in Iran. While plans have not been confirmed, the price of diesel in Europe rose in response to the plans, while costs dropped in the United States. The White House is reportedly preparing a temporary, 90-day ban on diesel exports, which would be the first restriction on US energy exports…GB News · 24 Sept, 09:25
• Trump sparks debate over diesel export banThe Trump administration's suggestion that it could ban or limit diesel exports has sparked furious backlash from the American oil industry. Politicians are trying to bring down soaring energy prices ahead of the midterm election in November, but critics say a ban would cause supply problems and higher prices both at home and abroad. Also in this edition - the OECD says the global economy is withstanding the energy shock better than expected, partly thanks to AI investment.France 24 · 23 Sept, 21:38
• Trump's diesel idea could unleash a problem Americans never saw comingThe Trump administration has backed away from a potential diesel export ban after briefly weighing the idea, as experts warn the proposal could have had unintended consequences.Fox News · 23 Sept, 21:11
• Energy Secretary Chris Wright rejects outright diesel exports ban, favors voluntary limits insteadEnergy Secretary Chris Wright said Wednesday the Trump administration plans to steer clear of an outright ban on diesel exports and is opting for a voluntary cap, instead, as prices soar during wars abroad.New York Post · 23 Sept, 18:37
• Britain on notice for fuel 'disaster' after Donald Trump threatens diesel export ban at UNAndy Burnham has been urged to avert a looming diesel fuel "disaster" after Donald Trump threatened a total export ban on the fuel at the UN. Speaking alongside Ukraine's Volodymyr Zelensky, Mr Trump said he and US Treasury Secretary Scott Bessent had been "examining" a ban on diesel leaving the States. Mr Bessent said the US was deciding between a full or partial export ban - with a decision set to be made "fast". But Reform's Treasury spokesman Robert Jenrick has now sounded the alarm in Britain. TRENDING Stories Videos Your Say "The US supplies one sixth of diesel consumed in the UK, so…GB News · 23 Sept, 07:37
• Trump administration considering ban on diesel exportsU.S. Treasury Secretary Scott Bessent said Tuesday that the Trump administration is looking into the feasibility of a diesel export ban.UPI · 22 Sept, 23:54
• Trump says he would back ban on diesel exportsRepublicans lawmakers have put pressure on the president to curb exports as diesel prices soar to record highs in the US.BBC Business · 22 Sept, 21:41
• Diesel prices just hit a new record. Would a U.S. export ban bring relief?Some lawmakers want to halt U.S. diesel exports as prices top $6.50 a gallon. But such a ban could have unintended consequences, experts say.CBS News · 22 Sept, 19:19

In this story: Donald Trump · Scott Bessent · Chris Wright · United States · European Union · United Kingdom

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