US Diesel Export Ban Threatens Diesel Prices Amid 200p Record Highs

Donald Trump has indicated he may ask European countries to release diesel reserves while considering a ban on US diesel exports. Diesel prices in the UK have reached record highs, hovering just under 200p per litre. The US exports between 1.2 and 1.5 million barrels of diesel per day, with over half of the UK's diesel imports originating from the US. This situation could result in lower US diesel prices if exports are banned, but may further strain global prices, especially for the UK, which relies heavily on US imports.