India, Sept. 24 -- US diesel prices have surged to record levels, putting more pressure on businesses that depend heavily on diesel for transportation, farming and other operations. The increase has come as the Iran war continues, disrupting global fuel markets and pushing up the cost of diesel.

The Trump administration is reportedly considering a 90-day ban on US diesel exports as one possible way to increase fuel supply inside the country. The reported plan was first detailed by Politico. If introduced within the next few days or weeks, the ban could remain in place roughly until the end of 2026, according to Yahoo Finance.

The basic idea behind the proposal is simple: keep more diesel in the US instead of sending it overseas. The adm...