US energy secretary says diesel export ban won't work after Trump backs idea
As fuel prices surged over the war in the Middle East, US President Donald Trump on Tuesday expressed support for a diesel export ban.
United States Energy Secretary Chris Wright stated on Wednesday that a diesel export ban would not work and could lead to higher prices for gasoline and jet fuel. This comes after President Donald Trump expressed support for the idea on Tuesday. Diesel prices have risen to record highs due to conflicts in the Middle East, causing anger among users ahead of the midterm elections.
Wright believes banning exports would reduce refining capacity, leading to higher energy prices. The administration is exploring voluntary measures to boost diesel supply instead of implementing a ban.
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- EU says Trump plan to ban US diesel exports would ‘negatively impact both sides’ theguardian.com
- Big business warns Trump against diesel export ban in joint letter cnbc.com
- U.S. business groups warned Trump that a diesel export ban would backfire on prices qz.com
- US energy secretary says diesel export ban won't work after Trump backs idea channelnewsasia.com
- Macron says he pressed Trump not to ban diesel exports politico.eu
