Trump administration is examining whether a diesel export ban is feasible, Treasury Secretary says
Why now
Thesis: Diesel export ban study threatens US distillate cracks and global supply
Catalyst to watch: Treasury feasibility decision or formal policy proposal
Main risk: Ban unlikely; study may not become policy
Why it matters
A diesel export ban would redirect US distillate supply, pressuring domestic diesel cracks while tightening global markets.
Details
"We're examining whether it's feasible in terms of the overall refining capacity and whether a full or partial ban would work," Bessent said.