US government is considering banning diesel exports due to rising prices

In view of rising prices, especially for diesel, the US government is considering banning the export of the fuel. "I said, let's not export diesel," said US President Donald Trump on Tuesday on the sidelines of the UN general debate in New York.

“We produce a lot of diesel,” Trump continued. An export ban could also “have a little impact on normal gasoline for cars.” According to Treasury Secretary Scott Bessent, the US government is reviewing the measure. A complete or partial stop to exports is possible.

Falling prices ahead of November congressional elections

As a result of the Iran war, fuel prices in the United States have risen significantly - an issue that is putting increasing pressure on Trump ahead of November's congressional elections. On average, Americans pay almost 50 percent more for gasoline than before the war began.

The price of diesel recently rose - as in Germany - to a record high. In August alone, diesel prices rose by around 24 percent. In the USA, diesel is predominantly used in commercial vehicles such as tractors and trucks. Many farmers who recently voted for Trump are frustrated.

Consequences for Europe

The consequences of an export ban could then also be felt in Europe: In addition to the Middle East, the United States is Europe's most important supplier of diesel. Most recently, the USA largely stopped its exports of crude oil during the oil crisis of the 1970s in order to reduce domestic prices.