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Trump backs banning U.S. diesel exports to lower fuel prices

The dispute centers on whether restricting diesel exports could offset higher costs tied to disruptions from the war in Iran, with the oil industry saying it would not make diesel cheaper.

Reported · Written up by our desk · Energy

The New York Times Business reports that Donald Trump said he supports banning U.S. diesel exports as a way to bring down diesel prices, which have been setting records.

The outlet links the elevated diesel prices to the war in Iran, which has contributed to tighter supply conditions.

However, the report says the oil industry argues that halting U.S. diesel exports would not lower prices at the pump.

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