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Trump’s diesel move could create a global fuel crunch
A proposed US diesel export ban could create a global fuel supply squeeze, with the impact extending beyond higher prices at the pump.
StoneX senior analyst David Scutt says cutting US diesel exports would force other regions to make up the shortfall, but limited refining capacity could make that difficult.
Scutt warns Europe and Australia remain exposed to global fuel markets, meaning reduced US supply could put further pressure on fuel availability and prices.