EU energy chief Dan Jørgensen echoed the sentiment, saying at the same summit Tuesday morning that he was “happy” to see public comments by [U.S. Energy Secretary] Chris Wright, who said a diesel ban wouldn’t work.
Trump earlier this month appeared to endorse the idea of temporarily blocking exports of the fuel as prices rise due to the war in Iran and Moscow’s imposition of restrictions on its exports following Ukrainian strikes on refineries.
Such a move would send shockwaves through European energy markets, with U.S. diesel accounting for over 50 percent of the EU’s diesel imports and 10 percent of its consumption, according to S&P Global Energy.
“We’re not going to be complacent about it,” Darragh O’Brien said. “But when you talk to others around the administration as well, it doesn’t look like that’s something that would happen. I think there would be an impact for the United States themselves, the diesel ban, as well as the impact on other fuels.”