Senator Ted Cruz has conveyed assurances from the White House that the Trump administration will not impose a ban on U.S. diesel exports. This announcement targets refining industry leaders and follows speculation about a potential export ban intended to manage domestic fuel supply. Energy Secretary Chris Wright and Treasury Secretary Scott Bessent have been involved in discussions, with Wright previously stating that a flat ban was not under consideration. Market participants now assess the likelihood of an export ban announcement by October 1 at just 3.9%.
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