{"id":634076,"date":"2026-10-02T09:36:42","date_gmt":"2026-10-02T09:36:42","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/634076\/"},"modified":"2026-10-02T09:36:42","modified_gmt":"2026-10-02T09:36:42","slug":"europe-under-pressure-to-release-diesel-reserves-as-trump-threatens-export-ban","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/634076\/","title":{"rendered":"Europe under pressure to release diesel reserves as Trump threatens export ban"},"content":{"rendered":"<p>What would an export ban mean for the world?published at 10:14 BST<\/p>\n<p>10:14 BST<\/p>\n<p class=\"ssrcss-1l98ssq-Contributor etflsgg2\">Francisco Velasquez<br \/>Business reporter<\/p>\n<p>      <img decoding=\"async\" alt=\"Woman checking her receipt after shopping at the grocery store\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/10\/c6751b7c-a933-4c02-b5fe-873173761d0d.jpg.webp\"  width=\"2120\" height=\"1192\" class=\"ssrcss-egie1y-Image edrdn950\"\/>Image source, Getty ImagesImage caption, <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">An export ban could stoke global inflation<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">For the US economy, a ban could deliver short-term relief at the pump by flooding the domestic market with excess supply.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">However, energy analysts warn it could backfire.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">David Fyfe, chief economist at Argus Media, notes that cutting off American supply would likely cause international prices to skyrocket.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">That would push up global freight, food, and industrial costs, ultimately &#8220;feeding inflation back into the global economy&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;At a stroke, the US&#8217;s reputation as a reliable supplier of energy to the world would be shot,&#8221; Fyfe adds.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Removing more than a million barrels of daily American supply would trigger a fierce bidding war among importing nations in Latin America and Europe.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Sarah Raffoul, analytics manager at Argus Media, notes that while higher international prices would eventually curb demand, the immediate gap would severely strain trade relationships and accelerate global inflation.<\/p>\n","protected":false},"excerpt":{"rendered":"What would an export ban mean for the world?published at 10:14 BST 10:14 BST Francisco VelasquezBusiness reporter Image&hellip;\n","protected":false},"author":2,"featured_media":634077,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,85,46],"class_list":["post-634076","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/634076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=634076"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/634076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/634077"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=634076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=634076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=634076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}