Trump Backs Diesel Export Ban

President Trump said he would back restricting U.S. diesel exports to help ease record-high fuel prices. The push follows pressure from Republican lawmakers, especially in farm states such as Iowa, where farmers and truckers face steep fuel costs before the midterm elections. The price surge is tied to supply disruptions from wars in Ukraine and the Middle East, including damaged refineries and constrained shipping through the Strait of Hormuz. Analysts and industry groups warned a ban could force U.S. refiners to cut production and lift global diesel prices. Treasury Secretary Scott Bessent said officials are studying feasibility. Trump said diesel limits could also affect gasoline prices. He said he would discuss Ukrainian strikes on Russian refineries with President Volodymyr Zelenskyy.