Trump 'very seriously' considering diesel export ban as global supply crunch worsens

* Trump considers diesel export ban to lower U.S. prices ahead of midterms * Industry warns export restrictions could raise global fuel prices * Diesel at record highs due to U.S.-Iran and Russia-Ukraine conflicts President Trump said the White House is "thinking very seriously" about banning U.S. diesel exports to ease record-high fuel prices before November's midterms. The U.S. is the world's top diesel exporter; analysts and the American Petroleum Institute warn an outright ban could tighten global supply, push European diesel prices higher, and ultimately raise U.S. gasoline prices. Diesel prices, already near $6.50 a gallon, have surged amid supply disruptions from the Russia-Ukraine war and tensions with Iran. A shorter-term export restriction of 90 days is under discussion, but industry and traders remain skeptical it will be implemented.