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Trump reconsiders diesel export ban, citing potential gasoline price rise despite high diesel costs.

Market News
30 Sep 2026
CNBC
View Source
Neutral
Trump reconsiders diesel export ban, citing potential gasoline price rise despite high diesel costs.

President Donald Trump is reconsidering a ban on diesel exports amid record-high diesel prices caused by conflicts in Iran and Ukraine. While his aides believe the ban could lower diesel prices, Trump expressed concern it might increase gasoline prices. He highlighted recent improvements in crude exports through the Strait of Hormuz and noted that U.S. refiners are operating at record levels. Energy Secretary Chris Wright expects diesel prices to decline soon due to new supplies from Europe, despite tight global diesel availability.

Diesel prices are at record highs as President Donald Trump considers a diesel export ban but worries about its impact on gasoline prices. For readers following energy stocks, here is Pluang's market snapshot as of Oct 01, 2026 04:42 WIB: Of 38 priced Energy-sector US stocks, 16 rose and 21 fell. TotalEnergies SE (TTE) traded at USD 85.55 with a 1-day change of -1.45% and a typical hold time of 90 days, Centrus Energy Corp (LEU) rose 1.32% to USD 140.00 with an 80% buy order activity, while MPLX LP (MPLX) dropped 1.31% to USD 56.30.

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OpenText prices $300M tender offer for 3.875% senior notes due 2028, plans redemption with new notes proceeds.

OpenText prices $300M tender offer for 3.875% senior notes due 2028, plans redemption with new notes proceeds.

OpenText Corporation announced the pricing and results of its $300 million tender offer to buy back its 3.875% Senior Notes due 2028. The company received valid tenders exceeding the maximum amount and will accept $300 million worth of bonds, paying ...

Company Fundamentals
Neutral
4 hours ago
VIG ETF can't include Meta or Alphabet dividends until 2035 due to a 10-year dividend growth rule.

VIG ETF can't include Meta or Alphabet dividends until 2035 due to a 10-year dividend growth rule.

The Vanguard Dividend Appreciation ETF (VIG) excludes Meta and Alphabet from its holdings until at least 2035 because its underlying index requires companies to have 10 consecutive years of dividend increases. Although both Meta and Alphabet started ...

Market News
Neutral
4 hours ago
Micron beats Q4 revenue and EPS estimates, raises strong Q1 guidance with solid customer contracts.

Micron beats Q4 revenue and EPS estimates, raises strong Q1 guidance with solid customer contracts.

Micron Technology reported Q4 FY2026 revenue of $54.23 billion and adjusted EPS of $33.42, surpassing expectations. The company provided an optimistic Q1 FY2027 outlook with a revenue midpoint of $61.5 billion and adjusted EPS midpoint of $38.15, alt...

Company Fundamentals
Bullish
4 hours ago
Crypto-backed loans enter mortgages via administrative moves, marking a key sector shift post-spot ETF approval.

Crypto-backed loans enter mortgages via administrative moves, marking a key sector shift post-spot ETF approval.

Loans backed by Bitcoin and stablecoins have become eligible within Fannie Mae's mortgage framework through administrative decisions rather than market-driven validation. This development is significant as it represents a major step for crypto credit...

Market News
Neutral
4 hours ago
Class action lawsuit filed against Better Home & Finance over misleading statements on funding targets.

Class action lawsuit filed against Better Home & Finance over misleading statements on funding targets.

Rosen Law Firm has filed a class action lawsuit against Better Home & Finance Holding Company for allegedly making false and misleading statements about its $1 billion monthly funded volume target during March to May 2026. The lawsuit claims the comp...

Market News
Bearish
4 hours ago
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