President Donald Trump said his administration is weighing a ban on diesel exports as fuel prices surge nationwide. The decision could arrive quickly, according to his remarks.
A diesel export ban would keep more domestic supply inside the country. The move aims to ease pressure on prices at the pump.
Diesel costs have climbed sharply in recent months. Tight global supply and strong demand have driven the increase.
The proposal marks a shift in trade policy. The U.S. is a major diesel exporter, sending millions of barrels abroad each month.
Analysts warn a ban could disrupt global fuel markets. Allies and trading partners may seek alternative sources if supplies are cut.
Refiners could face reduced margins on overseas sales. Domestic consumers might see relief, but the long-term impact remains uncertain.
The administration has not set a timeline for the decision. Trump indicated it would come fast, one way or the other.
Energy markets are watching closely for any formal announcement. A ban would represent a significant intervention in fuel trade.
