G7 nations bow to US pressure and avoid crippling diesel ban
Crude oil prices eased after G7 leaders bowed to US President Donald Trumpโs demand to release oil and diesel reserves.
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Crude oil prices eased after G7 leaders bowed to US President Donald Trumpโs demand to release oil and diesel reserves.
President Donald Trump has threatened to ban diesel exports in a bid to ease prices in the US ahead of the November elections.
US drivers should brace for costlier gasoline if the Trump administration bans diesel exports, according to Morgan Stanley, which warned that such a restriction would carry โsignificant implications.โ