Trump Rules Out Diesel Export Ban After G7 Agrees Fuel Stockpile Release

  • G7 countries agreed to release 100 million barrels from emergency oil reserves over four months.
  • The release includes substantial diesel volumes during the first 20 days.
  • President Donald Trump said a US diesel export ban was never under consideration.

President Donald Trump said the United States would not impose a diesel export ban, calling the measure never really under consideration, after G7 countries agreed to release 100 million barrels from emergency oil reserves over four months. The International Energy Agency will coordinate the drawdown, including a substantial diesel release in the first 20 days, as governments respond to elevated prices and volatility in global energy markets. The G7 also agreed to coordinate refinery maintenance, raise utilization rates where possible and avoid energy-export restrictions among member countries. Earlier reporting said the administration had not formally ruled out future restrictions, leaving a discrepancy between that account and Trump's latest comments.

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