Trump’s statement came hours after Treasury Secretary Scott Bessent urged European partners to unlock additional fuel, warning that U.S. farmers, truckers and businesses should not bear the cost of higher diesel prices.
The United States currently exports about 1.2 to 1.5 million barrels of diesel per day to international markets, meaning any export curbs could tighten supplies elsewhere.
Global diesel demand has surged amid disruptions linked to the Iran‑Hamas war and the closure of the Strait of Hormuz, which the International Energy Agency said cut Gulf and Russian exports by 1.6 million barrels per day in August compared with February.
In the United States, diesel prices have hit record highs, with the national average at $6.37 a gallon on Friday after reaching $6.52 on September 22, according to AAA.
Trump also spoke overnight with French President Emmanuel Macron, who chairs the G7, about fuel price pressures; Macron later chaired a G7 video conference on the issue.
The administration is now weighing a diesel export ban, a move that could reduce U.S. exports and potentially push prices higher worldwide.