Trump Supports Diesel Export Ban, Bessent Confirms Government Is Evaluating Restrictions

TechFlow reports that on September 23, according to Cnmoney, after diesel retail prices hit record highs, Trump publicly expressed support for implementing restrictions on diesel exports. U.S. Treasury Secretary Bessent subsequently confirmed that the government is currently conducting a comprehensive review of the feasibility of imposing a full or partial ban on diesel exports.

In response to this potential policy move, the U.S. refining industry issued a clear warning, stating that restricting diesel exports would not only fail to achieve the intended goals but could also have counterproductive effects on domestic energy supply and market stability. The relevant review is still underway, and specific implementation timelines and execution details have yet to be announced.