What would a US diesel export ban mean for global fuel prices?

Diesel prices have hit record highs as the tensions between the United States and Iran, along with the war between Russia and Ukraine, disrupt key oil and fuel trade routes.On Friday, the average price for a gallon (3.79 litres) of diesel was $6.50, up from $5.61 a month earlier, according to the American Automobile Association (AAA), which tracks fuel prices daily.Recommended Stories list of 4 itemslist 1 of 4Could the oil shock push fuel prices even higher?list 2 of 4Oil prices jump after Yemen’s Houthis claim attacks on Saudi facilitieslist 3 of 4Iran pitches seven-day roadmap to end conflict with USlist 4 of 4What’s in Iran’s seven-day plan to reopen the Strait of Hormuz?end of listThe spike has prompted the administration of US President Donald Trump and Republican lawmakers to consider restricting US diesel exports ahead of upcoming midterm elections.A Reuters/Ipsos poll conducted in August found that 47 percent of voters said the cost of living was the single most important factor in deciding how they would vote in the midterms — more than twice the share who cited the next-most important issue, “democratic values and norms”.A new Marist poll also found that Americans have m...