EU officials confident Trump will drop plan to ban diesel exports
Irish Energy Minister Darragh O'Brien said the threat "doesn't look like ... something that would happen."
Dublin — EU officials voiced cautious optimism Tuesday that U.S. President Donald Trump would abandon his plan to impose a 90-day ban on diesel exports aimed at curbing escalating prices. Irish Energy Minister Darragh O’Brien, representing the EU during its presidency, reported receiving assurances from Trump administration officials in Washington D.C. last week that the ban was improbable.
O’Brien explained, "A 90-day diesel ban would have a significant impact on us within the EU." However, "Based on the information I gathered in Washington D.C. last week, there doesn't appear to be a push for such a measure." EU energy chief Dan Jørgensen shared the same sentiment at the EU ministerial summit in Dublin, expressing satisfaction with U.S. Energy Secretary Chris Wright's public comments indicating that a diesel ban would be ineffective.
Earlier this month, Trump seemed to support the idea of temporarily suspending diesel exports amid rising prices due to the war in Iran and Moscow's restrictions on exports following Ukrainian strikes on refineries. This move would have far-reaching consequences for European energy markets, as U.S. diesel represents over 50 percent of the EU's diesel imports and accounts for 10 percent of its consumption, according to S&P Global Energy.
O’Brien cautioned, "We won't be complacent about it." He added that while there was no indication that the diesel ban would occur, it could affect both the United States and other fuels.
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