Veytics Intelligence
2026-09-25 · Aljazeera

What would a US diesel export ban mean for global fuel prices?

Diesel prices have hit record highs as the tensions between the United States and Iran, along with the war between Russia and Ukraine, disrupt key oil and fuel trade routes. On Friday, the average price for a gallon (3.79 litres) of diesel was $6.50, up from $5.61 a month earlier, according to the American Automobile Association (AAA), which tracks fuel prices daily. The spike has prompted the administration of US President Donald Trump and Republican lawmakers to consider restricting US diesel exports ahead of upcoming midterm elections.

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