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The Economic Times

Economy / The Economic Times

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Trump plays with a critical lifeline that keeps global economy going

A potential US diesel export ban could worsen an already tight global fuel market by removing about 1.2 million barrels a day of supply at a time when Middle Eastern, Russian and Chinese exports are constrained. Europe would be particularly exposed, while India could gain export opportunities for its refiners but also face higher crude and domestic fuel costs as global buyers compete for scarce diesel.

2 Oct 2026 3:21 pm