Trump says he backs diesel export ban to curb soaring energy costs
Summary
President Donald Trump supports a ban on exporting diesel fuel from the United States to help lower rising energy costs. Diesel prices have reached record highs due to reduced supply caused by conflicts involving countries like Russia and Saudi Arabia.Key Facts
- Diesel fuel prices in the US reached $6.53 per gallon, the highest ever recorded.
- Wars in Iran and Ukraine have cut diesel exports from major producers such as Russia and Saudi Arabia.
- President Trump called for stopping diesel exports to keep more fuel inside the US and reduce prices.
- The US Treasury Secretary, Scott Bessent, said officials are reviewing if a full or partial diesel export ban is possible.
- Some Republican Senate candidates support the export ban to help Americans facing high energy costs.
- The American Fuel and Petrochemical Manufacturers group warned that a ban could reduce fuel production and might make prices worse.
- President Trump and Ukrainian President Volodymyr Zelenskyy are discussing attacks on Russian oil refineries and ways to end the war in Ukraine.
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