Why a U.S. Diesel Export Ban Would Backfire
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As oil surpasses $100 per barrel due to transit disruptions from the Iran war and dry inventories, diesel prices have reached historic highs. Amid pressure from Republicans in farm states like Iowa and Nebraska ahead of the U.S. midterm elections, President Donald Trump has endorsed banning diesel exports. However, critics warn this 1970s policy would backfire by ultimately raising prices and discouraging supply investment.
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