Business & Economy
Diesel export ban: will Trump push global energy prices even higher? - The Latest
Source: Business | The Guardian · Published
As the fallout from the Iran conflict continues, the price of diesel has soared to record highs in the UK, Europe and US. With his country facing an increase of 70% in costs compared with this time last year, Donald Trump is threatening a ban on US diesel exports to keep costs lo
As the fallout from the Iran conflict continues, the price of diesel has soared to record highs in the UK, Europe and US. With his country facing an increase of 70% in costs compared with this time last year, Donald Trump is threatening a ban on US diesel exports to keep costs low for American consumers. But the plans have been met with alarm – the UK is holding talks with US counterparts to try to block the move, which France says would be ‘catastrophic’ if introduced.
Lucy Hough speaks to energy correspondent Jillian Ambrose – watch on YouTube Continue reading...
Related stories
US pressures Europe to release diesel reserves as Trump threatens export ban
President Donald Trump has threatened to ban diesel exports in a bid to ease prices in the US ahead of the November elections.
feeds.bbci.co.uk ·
G7 to release millions of barrels of oil and diesel after Trump threat
The co-ordinated release is aimed at heading off further price spikes and avoiding a ban on US diesel exports.
feeds.bbci.co.uk ·
Trump’s recent statements on the economy are even more bonkers than usual | Steven Greenhouse
Our ‘genius’ president is revealing his ignorance of economics, fueling concerns about the threat he poses to the world Donald Trump recently made a bold claim about his abilities, writing on Truth Social : “The only control or ‘guardrails’ that AI needs is a STRONG AND SMART (Hi
Business | The Guardian ·
Watch: Why has UK diesel price hit an all time high?
Diesel has now hit an average of £2 a litre in the UK, the RAC motoring group says, with petrol prices also rising.
feeds.bbci.co.uk ·
Europe's car makers are in crisis. Will the threat of war rescue them?
Auto executives across Europe hope rearmament can help them flex their industrial muscles once more.
feeds.bbci.co.uk ·