Trump backs banning US diesel exports

The administration of U.S. President Donald Trump supports imposing a ban on American diesel exports to combat rising prices caused by the war in Iran, where diesel prices have reached record levels and gasoline prices have increased by about 50% ahead of the Congressional elections. Officials are considering the possibility of implementing a complete or partial ban, with some Republicans supporting this move, viewing the war as responsible for the fuel crisis. While the ban could increase supply and lower domestic prices in the short term, it may also lead to higher global prices and impact the U.S. market.

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