Business
UK tries to stop Trump's diesel export ban
John Healey said the government is in talks with the US over Donald Trump's threat to stop exports.
BBC Business•
The UK is in talks with US authorities over a potential stoppage of diesel exports and has started preparing for a ban, Chancellor John Healey has told BBC News.
Diesel prices in the UK reached a new high on Monday due to supply pressures springing from the US-Israel conflict with Iran and Russia's war with Ukraine.
Fuel prices are rising globally and US President Donald Trump has threatened to ban diesel exports, stating at the weekend: "We're thinking about it very seriously."
US sources suggest that Trump is considering a ban to attempt to bring down prices for domestic consumers ahead of the critical midterm elections.