{
  "id": 10493894,
  "title": "Trump ‘very seriously’ considering diesel export ban as global supply crunch worsens",
  "url": "https://urgent.news/2026/09/28/trump-very-seriously-considering-diesel-export-ban-as-global-supply-10493894",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T17:00:53.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/trump-very-seriously-considering-diesel-export-ban-as-global-supply-crunch-worsens/"
  },
  "original_language": "en",
  "account": "U.S. President Donald Trump is reportedly contemplating a diesel export ban amid a global supply crunch and rising fuel prices ahead of November's midterm elections. Speaking to a Fox News reporter, Trump stated, \"We're thinking about it very seriously. That can oftentimes lead to a little bit of an increase on gasoline for cars, so we're looking at it very seriously. We may do it,\" according to the source.\n\nEnergy Secretary Chris Wright has suggested the administration is considering restrictions rather than an outright ban. However, the U.S. energy industry has expressed strong opposition to such a measure, and analysts warn that it could exacerbate the global fuel crisis. Diesel prices have soared due to tensions between the U.S., Iran, Russia, and Ukraine, disrupting vital oil and fuel trade routes.\n\nMorgan Stanley strategists have stated that a U.S. export restriction could initially lower U.S. diesel prices but may lead to higher global diesel prices and potential negative impacts on U.S. gasoline prices. Benedict George, head of European product pricing at Argus Media, warned that U.S. restrictions on diesel exports could send European diesel prices and crude oil premiums to unprecedented levels, given the U.S.'s role as an important source of marginal diesel supply.\n\nWhen questioned about the likelihood of such a ban, George stated that traders were skeptical of the U.S. taking this step due to the challenges it would pose for U.S. oil companies. In the U.S., soaring diesel prices have created financial strain for farmers, agricultural workers, and households ahead of the midterm elections. The American Petroleum Institute (API) has contested the idea of a diesel export ban, arguing that it would only exacerbate the problem.",
  "summary": "U.S. President Donald Trump has suggested the White House is still considering a diesel export ban as he faces mounting political pressure to tackle soaring fuel prices ahead of the midterm elections in November. “We’re thinking about it very seriously,” Trump told a Fox News reporter on Sunday, while attending the Presidents Cup golf tournament ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}