According to Reuters today, citing information revealed by three people familiar with the matter, the US government has told Germany and France to use emergency diesel reserves to reduce global fuel prices; otherwise, they will face a possible ban on diesel exports imposed by the US. In recent years, America's share of Europe's diesel supply has been increasing. Recently, with the average retail price of diesel in the US soaring and inflationary pressure threatening the midterm elections, US President Trump began urgent discussions with his advisors to discuss whether to implement a ban on diesel exports. Trump said on September 30, local time, that he is still evaluating options to calm oil prices, including an export ban. He also acknowledged that although the ban will reduce diesel prices, it may put upward pressure on gasoline prices.

According to Reuters today, citing information revealed by three people familiar with the matter, the US government has told Germany and France to use emergency diesel reserves to reduce global fuel prices; otherwise, they will face a possible ban on diesel exports imposed by the US. In recent years, America's share of Europe's diesel supply has been increasing. Recently, with the average retail price of diesel in the US soaring and inflationary pressure threatening the midterm elections, US President Trump began urgent discussions with his advisors to discuss whether to implement a ban on diesel exports. Trump said on September 30, local time, that he is still evaluating options to calm oil prices, including an export ban. He also acknowledged that although the ban will reduce diesel prices, it may put upward pressure on gasoline prices.