Trump Administration Reviews Diesel Export Ban
The Trump administration is reviewing a possible diesel export ban. Treasury Secretary Scott Bessent announced the review on Tuesday.
Officials are weighing full and partial restrictions on exports. They are also considering the country's overall refining capacity.
Republican lawmakers requested the ban due to high diesel prices. High prices are hurting farmers and truckers across the country.
Diesel hit a record price on September 22. The price was about $6.52 per gallon.
Republican Senate candidates want action before the November 3 midterm elections. President Trump met Ukrainian President Volodymyr Zelenskyy on Tuesday.
Trump said he would support a US diesel export ban. He also urged Zelenskyy to pause strikes on Russian refineries.
Trump said those strikes could affect diesel prices. Conflicts in the Middle East and Ukraine are raising diesel prices.
Key Terms 4
- Scott Bessent He is the U.S. Treasury Secretary.
- Volodymyr Zelenskyy He is the President of Ukraine.
- diesel export ban A rule stopping companies from selling diesel fuel abroad.
- midterm elections U.S. elections for Congress held between presidential elections.