Diesel Ban Talk Splits Oil Markets as US Crude Sinks Against Brent
IOL | 25.09.2026 17:59
Talk in Washington of a possible ban on American diesel exports is reshaping global oil markets in real time, and the clearest signal is showing up in the spread between US crude futures and the international Brent benchmark. Traders are betting that if US refiners are forced to keep more diesel at home, they will simply process less crude overall, a scenario that has pushed West Texas Intermediate to trade as much as $12 a barrel below Brent, its widest discount since early May.
