U.S. President Donald Trump has temporarily allowed tax-deferred red diesel to be used on roads until the end of the year, a move that could eliminate deferred federal excise taxes in the future. As a result, Nymex diesel futures fell 2.6% to $4.4295 per gallon. Analyst Ritterbusch stated that the measure might offer some relief but fails to address potential supply disruptions in the Strait of Hormuz.