US diesel export ban? Europe braces for price shock.

📡 Financial Times yesterday · 1 min read ·

Part of composite article Oil Crisis Explodes: Brent Crude Tops $105 as Iran Threatens Wider War and France Sends Troops to Saudi Oil Sites View full article →

Europe’s diesel prices are rising as traders worry that Washington may stop US diesel exports. Analysts warn such a move would be “catastrophic” for global supplies. The US is a major supplier of diesel to Europe. If exports are suspended, Europe could face tighter supply and higher prices. No decision has been made. The market is reacting to the risk alone.