President Donald Trump and Treasury Secretary Scott Bessent have discussed a potential ban on United States diesel exports, with Bessent saying the administration is examining the measure and Trump saying he called for it. The idea carries weight beyond domestic fuel policy: the United States is among the world's largest diesel exporters, so importing countries draw on American supply to help meet their needs.

Trump also disclosed that the United States had held talks with Iran, saying the discussions "went very well" and lasted for three hours. According to Trump, another meeting has been scheduled for the near future.

Oil traded with a negative tone around the Iran talks, while the prospect of a diesel export ban could create some real problems for allied countries, according to Investinglive's report.

Following the Iran meeting, US Envoy Witkoff said they "feel very good right now." Iran's role as a major oil producer makes the state of these talks a variable energy markets track closely, and the follow-up session Trump described is the next checkpoint on the diplomatic track.

On the war in Ukraine, Trump said, "Zelensky and I are working to formulate a solution that will bring an end to the war." He also said Russian President Vladimir Putin wants to meet to end the war. A confirmed Putin meeting would be the next concrete marker on that front.

On the diesel measure, the near-term question to watch is whether the administration moves from examining the ban toward acting on it.

Source: Investinglive