Europe's Diesel Shock Deepens as Trump Backs Export Ban

European diesel prices are rising on record crude-to-gasoil spreads and supply fears tied to Russia, Ukraine and the Strait of Hormuz. Marco Saggese, StoneX VP of Clearing & Execution Sales, explains what is driving the diesel market and what a U.S. export ban would mean for Europe. As refiners prepare for winter, output shifts toward distillates and heating oil competes with diesel for supply. Steep backwardation reflects supply fear, while a potential U.S. diesel export ban has jolted U.S. heating oil against European heating oil. Germany's planned fuel discount and French President Emmanuel Macron's push to relax EU fuel rules target price pressure, not supply. Discover Actionable Energy Insights with StoneX Market Intelligence: https://shop.stonex.com/collections/energy?utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_marco_saggese&utm_content=share 00:00 - Gasoil Spreads Break Records 01:41 - Europe's Diesel Runs on Fear 03:19 - Winter Heating Oil vs Diesel 05:02 - Diesel Subsidies Ease the Pain 06:04 - U.S. Diesel Ban Rattles Europe 07:49 T- he 1970s Oil Shock Warning Like and subscribe for more financial market insights. #StoneX #Diesel #MarcoSaggese #HeatingOil --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social