Trump Backs Diesel Export Ban as Domestic Fuel Prices Hit Record Highs
β½ ENERGY POLICY β A diesel export ban punishes US allies before it pressures Tehran. π LOOK CLOSER: A US diesel export ban during Hormuz disruption redirects scarce fuel inward β but Europe and Latin America are the marginal buyers losing supply. EU refiners, already stretched by Russian energy cuts, face a new shock with no alternative. For Tehran, Washington absorbing energy pain domestically signals politics now drives US strategy more than leverage β weakening Araghchi's incentive to rush a deal.