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International Business Times
International Business Times
Business

Diesel Prices Have Hit Record Highs. The Trump Admin Is Considering An Export Ban.

Treasury Secretary Scott Bessent said the Trump administration is considering a diesel export ban to address historically high prices. (Credit: Saul Loeb/AFP via Getty Images)

Treasury Secretary Scott Bessent said the Trump administration is considering a diesel ban as prices reach historical records as a result of the different conflicts across the world.

"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 on Tuesday.

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