Trump’s Threat to Ban Diesel Exports Sets Off Global Alarms

Trump’s Threat to Ban Diesel Exports Sets Off Global Alarms

A reduction in refineries has already driven the price of diesel to record highs, threatening economies. An U.S. export ban would be “tremendous shock and blow.”

Oct 1, 2026

Trump says US won’t ban diesel exports

President Trump said Friday that he will not ban exports of diesel after the Group of Seven (G7) major economies announced that they would release fuel from their stocks. “Europe has a lot of diesel, and they’re going to be making a major world contribution, and so are we, and we’re not going to be…

Oct 2, 2026