Trump weighs halting diesel exports as US fuel prices surge
US President Donald Trump said the administration is considering restricting or fully halting diesel exports amid sharply rising domestic fuel prices. The move could also affect Europe, for which the US has become a key diesel supplier in recent years.
Speaking to reporters in New York during the UN General Assembly, US President Donald Trump revealed that his administration is considering limiting diesel exports. He noted that the United States produces large volumes of diesel and acknowledged that halting exports could have some effect on domestic fuel prices. Trump said he had supported such a measure for some time.
Treasury Secretary Scott Bessent confirmed that the administration is examining whether such a step would be beneficial, adding that both a full and a partial export halt are being considered.
Potential impact on Europe
The decision could also have consequences for Europe, since the US has in recent years become one of the most important diesel suppliers to the continent, ranking behind Middle Eastern countries. Before Russia's full-scale invasion of Ukraine, Russia had been one of the main diesel suppliers to European Union countries.
Background to the price increase
The rise in US fuel prices is linked to the war against Iran, which has put growing pressure on Trump ahead of the November congressional midterm elections. According to available information, Americans are now paying nearly 50% more for gasoline on average than before the war began in February, while diesel prices in the US have climbed to record highs.
Amid these conditions, several Republicans have called for a halt to diesel exports, unusually openly blaming the war against Iran for the price increases.
