Trump rules out diesel export ban after Europe agrees to release stockpiles

  • President Donald Trump ruled out a U.S. diesel export ban.
  • Europe agreed to release fuel from its stockpiles after U.S. pressure.
  • Fuel prices surged amid the war against Iran and Ukrainian refinery attacks.

President Donald Trump said Friday that the United States would not impose a diesel export ban, adding that the measure had never really been under consideration. His comments came hours after Europe agreed to release fuel from its stockpiles following U.S. pressure. The decision appears to end more than a week of lobbying across two continents as higher fuel prices, driven by the ongoing war against Iran and Ukrainian attacks against Russian refineries, have angered farmers and increased pressure on the Trump administration ahead of the November midterm elections.

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Trump rules out diesel export ban after Europe agrees to release stockpiles - CoinPost Terminal