⛽ President Donald Trump is preparing a 90-day ban on U.S. diesel exports to curb record-high fuel prices, according to Politico. If implemented, it would mark the first restriction on U.S. diesel exports since 2015, when the Obama administration lifted the long-standing oil export ban. The proposal comes after U.S. diesel prices have surged more than 100% over the last nine months, putting heavy pressure on farmers, trucking companies, and inflation. Following the report, diesel futures fell 7% as traders priced in the prospect of higher domestic supply. If enacted, the measure could significantly reshape global refined products markets by increasing U.S. diesel availability while tightening supplies for key importers in Europe and Latin America, where U.S. exports play a crucial role. 🌍📉 #Diesel #Energy #Oil
LWS Financial ResearchShare

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.