UK tries to stop Trump's diesel export ban

The UK is in talks with US authorities over a potential stoppage of diesel exports and has started preparing for a ban, Chancellor John Healey has told BBC News.

Diesel prices in the UK reached a new high on Monday due to supply pressures springing from the US-Israel conflict with Iran and Russia's war with Ukraine.

Fuel prices are rising globally and US President Donald Trump has threatened to ban diesel exports, stating at the weekend: "We're thinking about it very seriously."

Healey, who admitted that UK diesel prices are "extreme", said the government was in discussions with the US, adding: "We're also making the provision that we may need to and we have our own stocks in the UK."

Speaking on the sidelines of the annual Labour Party Conference in Liverpool, Healey said: "We work very closely with the Americans.

"In the end, we're also working with the Americans where we can try and put in place what will solve this, or at least significantly ease it, which would be a diplomatic settlement [and] an end to the fighting with Iran."

The UK depends on the US for around a third of its diesel imports and a ban would send prices even higher.

US sources suggest that Trump is considering a ban to attempt to bring down prices for domestic consumers ahead of the critical midterm elections.