Trump administration considering feasibility of diesel export ban to address high prices
The Trump administration is evaluating whether imposing an export ban on diesel fuel could help alleviate record-high domestic prices, according to Treasury Secretary Scott Bessent. Speaking at a bilateral meeting with Ukrainian President Volodymyr Zelenskyy during the United Nations General Assembly in New York City, Bessent said officials are assessing if such a move is feasible given current refining capacity and whether it could be implemented fully or partially. President Trump indicated that any decision on an export ban would come quickly. The potential policy shift reflects growing concerns over energy costs amid ongoing geopolitical tensions and supply chain disruptions.
Topics: Diesel export ban Fuel prices Trump administration U.S. Treasury Secretary Scott Bessent