US President Donald Trump says he will announce “big news” about diesel after fuel prices remain near record highs ahead of the November congressional elections. Speaking at a White House event, he does not provide details, but says the issue will be addressed and that prices will soon fall.
Reports attribute the price pressure to disruptions linked to the U.S.-Israeli war on Iran, noting diesel prices rise about 70% since it began. Multiple outlets say Trump has already taken steps to increase diesel supply, including pressing allies to release emergency reserves and expanding access to tax-exempt red-dyed diesel. However, at least one report adds that these actions have not yet brought prices down meaningfully.
Across coverage, Trump also comments that the Iran conflict will end soon “one way or the other,” while the precise policy or timing of any further diesel measures remains unclear.
