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“- Published US President Donald Trump has said he would back a ban on diesel producers selling overseas as surging fuel prices hit drivers ahead of the midterm elections.”

“But they can’t just switch off diesel production without effectively cutting the supply of those other fuels and raising their prices.”

“At the same time, many governments are cutting fuel taxes.”

“At the same time, many governments are cutting fuel taxes.”

“…ralian coffee drinkers can soon look forward to sampling the El Ninoccino, a nice warm cup of absolutely nothing that’s the inevitable result of export bans, energy price spikes and the rising cost of fertiliser and fuel, driven by conflict in the Middle…”

“Lula introduced the tax to help finance fuel-tax relief for Brazilians amid a global oil-price spike linked to the US-Israeli conflict on Iran.”

“However, prices remained well below their levels from April 1, when Canberra halved the fuel excise, shaving about 26 cents a litre from the cost at the bowser.”

“The United States-Israeli war on Iran has also complicated economic equations for farmers, with fuel prices — and so, electricity costs — rising.”

“Last week in Brazil, President Luiz Inácio Lula da Silva introduced 30-day tax cuts on gasoline and ethanol, along with a subsidy of one real per liter for diesel producers and importers, as the U.S.-Iran war drove up global oil prices.”