Diesel export ban: will Trump push global energy prices even higher? – The Latest
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Diesel export ban: will Trump push global energy prices even higher? – The Latest

B2Upper-intermediateSeptember 29, 202610 min

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. Help support our independent journali...

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This is The Guardian.

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we could see prices going a lot higher than they are today.

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0:00

This is The Guardian. Analysts are saying that if the US did put in this export ban, we could see prices going a lot higher than they are today. People describe diesel as the workhorse of the economy.

0:20

It's unglamorous. It's not high profile, but it's doing a lot of heavy lifting. There are just so many factors today which are influencing energy costs that we can't do anything about.

0:31

And this is something that is in the gift of one man to decide. From the Guardians today in focus, this is the latest with me, Lucy Hough. We've had soaring energy prices for many months now since the start of the Iran war,

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