U.S. President Donald Trump is weighing a ban on diesel exports to combat rising fuel prices ahead of the midterm elections. The oil industry warns that such a move would be counterproductive, exacerbate the global fuel crisis, and could lead to refinery production cuts, ultimately driving up gasoline prices. Treasury Secretary Scott Bessent said on Tuesday that the White House is assessing the feasibility of an export ban in terms of refining capacity, and whether it would be a full or partial ban.