Updated

Treasury Secretary said the Trump administration is examining whether a diesel export ban is feasible, as Republican lawmakers push for action amid high diesel prices squeezing farmers and truckers ahead of the November midterm elections. Separately, analysts warned that a global diesel shortage stemming from the wars in Iran and Ukraine is likely to persist into 2027. The combination of geopolitical supply disruptions and domestic political pressure is putting diesel policy in focus, with potential export restrictions carrying implications for refiners, transportation costs, and inflation heading into the election cycle.