Trump promises 'big news' on diesel as prices near record highs

Trump promises 'big news' on diesel as prices near record highs

US President Donald Trump said on Friday there would be "big news" on diesel, as fuel prices remain near record highs in the weeks before the November congressional elections. "We have, I think, some big news on that diesel situation. We're going to be knocking the hell out of it," Trump said at a White House event without elaborating, claiming prices would soon come "tumbling" down. Diesel prices have risen 70 percent since the US-Israeli war on Iran began, despite recent moves by Trump to boost supplies, including pressuring allies to release emergency reserves and expanding access to tax-exempt red-dyed diesel. Trump also said that the war on Iran would be over soon, "one way or the other".

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