(L-R) U.S. Secretary of State Marco Rubio, U.S. Treasury Secretary Scott Bessent, and Special Envoy to the Middle East Steve Witkoff attend a bilateral meeting between the Ukraine and U.S. in conjunction with during the 81st session of the United Nations (U.N.) General Assembly at U.N. Headquarters on September 22, 2026 in New York City.
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The Trump administration is examining whether a diesel export ban is a feasible way to address record-high prices for the critical fuel, Treasury Secretary Scott Bessent said Tuesday.
“We’re examining whether it’s feasible in terms of the overall refining capacity and whether a full or partial ban would work,” Bessent told reporters at a bilateral meeting between President Donald Trump and Ukrainian President Volodymyr Zelenskyy at the United Nations.
Trump said a decision would be made “fast one way or another” on whether to impose an export ban. The president said he’s called for a diesel export ban “within my people.”
“I’ve said let’s not send out the diesel. We make a lot of diesel,” Trump said.
Diesel prices in the U.S. have surged to a record high $6.53 per gallon, an increase of about 77% compared to the same period last year, according to data from AAA.
This is a developing story. Please check back for updates.
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