Trump Backs Diesel Export Ban as Iran Deadline Looms
US President Trump has expressed support for a ban on US diesel exports, stating that he had previously called for such a measure. This comes as the US Treasury Secretary is examining the feasibility of implementing a diesel export ban.
Trump also commented on the situation with Iran, indicating that there is 'a lot of momentum' for Iran to make a deal and expects them to do something positive soon. He believes that Witkoff and Kushner will be able to end the issue. Additionally, Trump emphasized that it's essential for Iran to take action quickly, as there may come a time when it's too late.
On a separate note, Reserve Bank of New Zealand Governor Anna Breman warned that if higher oil prices persist, near-term inflation in New Zealand is likely to be slightly higher than projected. This acknowledgment increases the likelihood of further policy attention from the Reserve Bank.