US may ban diesel exports

Brief retelling from RIA II

The Spectator reports that the European Union could face soaring transport costs and a new round of cost-of-living crises due to a possible US ban on diesel exports.

US authorities are developing a plan to introduce a 90-day ban on diesel exports to reduce record energy prices.

Europe has seen diesel prices rise sharply in recent weeks, with the cost per fill up rising by around 40% since the start of the year.

MOSCOW, September 24 - RIA Novosti. The European Union could face soaring transport costs and a new round of cost-of-living crises due to a possible US ban on diesel exports, the Spectator reports, describing the possible situation for Europe as a "perfect storm".

Politico previously reported that US authorities are developing a plan to introduce a 90-day ban on diesel exports to reduce record energy prices ahead of the midterm congressional elections.

"The result is likely to be a 'perfect storm': a sharp jump in European transport costs, bringing with it a new peak in the continent's cost-of-living crisis and dangerous implications for the upcoming elections," the Spectator said.