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The Trump administration has urged its European allies, particularly Germany and France, to release strategic diesel reserves to ease fuel prices. The EU was holding an emergency meeting on Friday to discuss the issue.
Trump recently said he was "very seriously" considering a diesel export ban, despite warnings from the U.S. oil industry that doing so would raise prices.
The threatened proposal aims to protect US consumers from rising costs, but it could trigger major economic waves if it were to happen.
Here's how record UK diesel prices could get worse
John Healey said the government is in talks with the US over Donald Trump's threat to stop exports.
Trucks, farms and industry are powered with diesel. Now prices are soaring due to refinery disruptions, supply shortages and geopolitical tensions. A potential US export ban could make Europe's diesel crunch even worse.
Trucks, farms and industry are powered with diesel. Now prices are soaring due to refinery disruptions, supply shortages and geopolitical tensions. A potential US export ban could make Europe's diesel crunch even worse.
The US-Israel war with Iran has caused fuel prices to soar due to disruption of global oil supplies.
Trucks, farms and industry are powered with diesel. Now prices are soaring due to refinery disruptions, supply shortages and geopolitical tensions. A potential US export ban could make Europe's diesel crunch even worse.
Analysts warn an export ban could backfire, pushing up global diesel prices and potentially triggering higher U.S. gasoline prices as refiners adjust.
Energy experts warn US diesel export ban could increase fuel costs domestically and internationally.
Motoring organisation the RAC says it expects the average UK diesel price to hit a new record high over the weekend.
The average price of a litre of diesel at the pump stands at an all-time high of 200.01p, according to the RAC motoring body.
A diesel export ban would provide only brief relief before prices start to rise again as refiners cut production, experts say.
Republicans lawmakers have put pressure on the president to curb exports as diesel prices soar to record highs in the US.
Republican lawmakers have called for an export ban as high diesel prices hit farmers and truckers ahead of the November midterm elections.
Record diesel prices are already walloping the transportation sector, and if energy prices stay high, the economic impact will spread.
Summer holidays and disruption to global oil supplies by the Middle East conflict stoked price growth.
