Trump rules out US diesel export ban

WASHINGTON DC: US President Donald Trump dismissed the prospect of implementing a restriction on US diesel shipments following commitments from European nations to expand fuel availability within the market, asserting that the supplementary volume would assist in lowering energy costs.

Speaking to journalists at the White House prior to his departure on Marine One, Trump noted that he had personally appealed to Europe to increase diesel provisions.

“Europe has a lot of diesel, and they’re, they’re gonna be making a major world contribution, and so are we,” Trump said.

“And we’re not gonna be, uh, doing the export ban. We’re gonna be doing what we’re supposed to do,” he added.
Connecting the anticipated rise in supply to the ongoing situation involving Iran, the President expressed confidence that petroleum costs would decline once the conflict concluded.

“We’re gonna have a lot of oil very shortly, as soon as Iran ends, which won’t be long,” Trump said.
“Not gonna be long, and you’re gonna have oil go down to the price it was before, maybe even lower than I got it at the beginning.”