Trump considers diesel export ban

Trump considers diesel export ban

US President Donald Trump has said his administration is reviewing the possibility of restricting diesel exports on a daily basis as fuel prices continue to rise amid the ongoing Iran war.

According to Arab media reports, gasoline prices in the United States have climbed by more than 40% compared with the same period last year. Diesel prices also reached a record $6.53 per gallon about a week ago, adding to pressure on American consumers and businesses.

The sharp increase in fuel costs has largely followed disruptions to oil supplies and refining operations linked to the US-Israeli war against Iran. Market disruptions in the Middle East have affected the availability and movement of refined petroleum products, including diesel.

Trump said officials were assessing the situation regularly and considering measures that could help increase domestic fuel supplies. A possible restriction on diesel exports could keep more fuel within the US market, although such a move could also affect international supplies.

US Energy Secretary Chris Wright said supply disruptions were expanding and that some diesel exports from the Middle East had been affected. He added that efforts were underway to restore those supplies. Diesel exports from China have also faced disruptions, further tightening global availability.

The increase in fuel prices has created additional political pressure on the Trump administration and Republican candidates ahead of the November midterm elections. Rising gasoline and diesel costs have become a key economic concern for American households, businesses and transport operators.

The administration is therefore facing pressure to contain fuel prices while managing the wider effects of disruptions in global energy markets. Trump has also faced challenges over public approval of his economic policies as higher energy costs add to concerns about household expenses.