Trump: We Will Not Ban Diesel Exports

US President Donald Trump, in his statement to the press at the White House before going to Alabama, said that they would not impose a ban on diesel exports.

Trump said, "Europe has a lot of diesel fuel. Both they and we will make a great contribution on a global scale. We will not impose an export ban, we will do what we have to do."

In the message he shared on his Truth Social account, Trump said, "Europe has agreed to release a tremendous amount of its high-stock diesel reserves. The process will begin immediately."

In the G7 joint statement, it was said: "We reiterate our commitment to avoid export restrictions on energy and energy products among G7 countries; we call on all producers to stay away from bans that could escalate the tension in the market."

In the statement, it was stated that the IEA will meet again in the coming days to discuss the possibility of additional diesel supply if deemed necessary.

However, the statement did not provide details on the distribution of crude oil and diesel quantities or which country would contribute how much.