India, Oct. 3 -- The debate over how to bring down soaring diesel prices in the United States took a new turn Friday after President Donald Trump said his administration would not restrict diesel exports. His comments came hours after the G7 announced a coordinated release of emergency fuel stocks, putting more diesel and other petroleum products into the market over the next four months.

The move comes as diesel prices remain elevated across the US and other major markets. Diesel is particularly important for trucking, farming, construction and other industries that depend heavily on heavy-duty transportation and machinery. The latest G7 decision is aimed at easing supply pressure while avoiding additional restrictions on international ...