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US aims to ban fuel exports before midterms
U.S. President Donald Trump has expressed support for imposing a ban on American fuel exports, particularly diesel, in order to reduce domestic prices following a record surge that threatens farmers and truck drivers. Meanwhile, the Cabinet is considering the possibility of implementing a complete or partial export ban, with a decision expected to be made quickly. On another note, the International Energy Agency warned that escalating tensions between the United States and Iran could threaten the expected oil surplus in the global market next year. It is worth mentioning that Trump previously directed the Department of Justice to investigate oil companies for not lowering fuel prices quickly enough.
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