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Trump weighs diesel export ban as US fuel crisis deepens

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US President Donald Trump is considering imposing a diesel export ban to address a fuel crisis affecting the country.

What happened

US President Donald Trump is weighing a diesel export ban as a potential solution to the fuel crisis, amid pressure from Republican allies and oil executives. Trump has held crisis talks with advisers on possible measures to contain the crisis, including curbs on international diesel sales. The crisis has led to a surge in diesel prices, affecting US industry and agriculture. A White House official said Trump is "evaluating all the options on the table" to lower domestic fuel prices.

Why it matters

A diesel export ban could have significant implications for international trade and fuel supplies, particularly for Ireland, which imports about one-in-nine litres of diesel directly from the US. The crisis has also sparked concerns about the impact on the US economy and the midterm election campaign.

Key facts

  • US President Donald Trump is considering a diesel export ban
  • A White House official said Trump is "evaluating all the options on the table" to lower domestic fuel prices
  • The crisis has led to a surge in diesel prices, with prices in the US hitting $6.53 a gallon
  • About one-in-nine litres of diesel used in Ireland is imported directly from the US.

Topics

Publisher evidence used

Reporting attributed to irishtimes.com. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.

Read at irishtimes.com

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