Amid a diesel shortage, Trump signaled a halt to exports

 02 Oct 2026 ( IBTN News Bureau )
POSTER

US President Donald Trump has stated that he might ask European nations to release a portion of their diesel reserves.

Amid a diesel shortage, Trump is considering banning diesel exports from the US.

Trump's remarks follow a call by US Treasury Secretary Scott Bessent for Europe to keep such reserves ready and release them if necessary.

Bessent stated that the burden of rising prices should not be placed on American farmers, truck drivers, and businesses.

The US has warned of a potential ban on diesel exports amidst rising prices driven by the conflict involving Iran.

This issue remains significant for American voters ahead of the US midterm elections.

On Thursday, the UK held discussions with European partners regarding the release of diesel reserves in the event of a potential ban.

The US is a key global supplier of diesel, exporting between 1.2 million and 1.5 million barrels daily.

Experts have warned that banning diesel exports could exert further upward pressure on prices in other countries.

 

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