Trump Drops Diesel Export Ban After G7 Unveils 100 Million-Barrel Fuel Release

3 articles · Updated · POLITICO · Oct 2

Trump said Friday he would not suspend U.S. diesel exports after the G7 agreed to release 100 million barrels of diesel and crude over four months, with a substantial diesel tranche due in the first 20 days.
The reversal followed two weeks of Trump signaling openness to a ban, even as Energy Secretary Chris Wright and oil-industry allies warned it could hurt import-dependent countries and raise U.S. pump prices by forcing refiners to cut output.
Administration officials had pressed Europe to open its stockpiles instead; POLITICO reported the U.S. used the threat of an export ban to push reluctant EU governments, with one diplomat calling it "blackmail."
Trump said Europe acted voluntarily, but the administration is still weighing other steps for next week, including broader waivers for red-dyed off-road diesel and a suspension of diesel excise taxes.