Trump said he was optimistic about prices coming down as petroleum flows through the Strait of Hormuz have increased in recent days, but he declined to rule out restricting diesel shipments.
“It’s something that we think about and we talk about every day,” he said. “But it just seems that it would have a negative impact on gasoline, so that would go up a little bit, and diesel would come down a little bit.”
Wright, who has staunchly opposed a ban and was with Trump in the Oval Office on Wednesday, said the administration would soon announce measures aimed at bringing down diesel prices. Europe would also be announcing moves to add supply to the market, he said.
“You will hear announcements from our friends in Europe about new diesel supplies that’ll come to the market that’ll meaningfully push diesel prices down,” Wright said.
POLITICO reported Tuesday that the White House was considering asking European governments to release diesel from their own strategic reserves.