Trump’s Threat to Ban Diesel Exports Sets Off Global Alarms

Image: The New York Times
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- A reduction in refineries has already driven the price of diesel to record highs, threatening economies. An U.S. export ban would be “tremendous shock and blow.”
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- Reuters reported that the EU Commission, France, Ireland, Britain and Italy are holding a call about the possibility of releasing diesel stocks.
- Skyrocketing diesel prices have pushed Washington to weigh an export ban, raising alarm across European economies.