White House denies that it is planning to ban diesel exports for 90 days
Reports of a looming ban surfaced Tuesday and President Donald Trump appeared to support the possible export ban during an appearance at the United Nations' General Assembly.
The White House on Wednesday denied reports that it was considering a 90-day ban on diesel exports as tumult in the energy markets has rocked farmers and other industries ahead of the midterms.
Reports of a looming ban surfaced Tuesday and President Donald Trump appeared to support the possible export ban during an appearance at the United Nations' General Assembly. Treasury Secretary Scott Bessent said he was "examining" the prospect of such a move.
The White House told The Hill in an unsigned statement that reports of the ban were "not true," and referred the outlet to Energy Secretary Chris Wright's comments that such a ban would not work and the administration will take a voluntary approach instead.
“The blunt tool of banning diesel exports definitely doesn’t work," Wright told Reuters. "If you can’t export the diesel that comes out of our refineries, you run out of places to store it, and you have to reduce US refining, which would put upward pressure on gasoline prices and jet fuel prices.”
The discussion comes as the ongoing Ukraine and Iran wars contribute to major disruptions to energy markets, creating economic pains for agriculture and trucking just weeks ahead of the November midterms.
Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.