President Trump pushed for a ban on US diesel exports starting September 22, 2026, citing skyrocketing prices driven by wars in Iran and Ukraine. The proposal sent European diesel prices surging on September 23 and would strain fuel supplies in countries including the UK and Brazil.
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President Donald Trump said he’s encouraged his advisers to approve a ban on diesel exports, as the price of the fuel skyrockets amid pressure from the wars in Iran and Ukraine.
By Josh Wingrove and Jennifer A. Dlouhy (Bloomberg) — President Donald Trump said he’s encouraged his advisers to support a ban on US diesel exports, with wars in Iran and Ukraine...
President Donald Trump’s push to ban American diesel exports sent European prices for the fuel surging, while US futures came under pressure.
A proposed US diesel export ban touted by President Donald Trump would leave countries including Brazil and the UK racing to secure the fuel, pressuring near-record prices even higher as the Iran war chokes global supply.