Trump administration examines diesel export ban feasibility to curb record prices
· World · CNBC, MarketWatch, The Guardian
Treasury Secretary Scott Bessent said Tuesday the administration is examining whether a diesel export ban is feasible to address record-high fuel prices, during a bilateral meeting between President Donald Trump and Ukrainian President Volodymyr Zelenskyy at the United Nations. Trump stated a decision would be made fast on whether to impose a full or partial ban. Bessent said the feasibility hinges on overall refining capacity and whether a partial restriction would work. The discussion occurred on the sidelines of the 81st UN General Assembly session in New York City.
Why it matters
A U.S. diesel export ban would directly impact global fuel supply chains and could alter diesel pricing for importing nations, including India, which relies on stable diesel costs for transport and agriculture.
Read the original report — CNBC
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