The Trump administration asked European allies to release diesel from their emergency stockpiles to increase global supplies and tamp down on soaring prices.
Page F2From§Eachthe supper edition — 1 October 2026
Trump asks Xi for more fuel, gets a Chinese export ban, then threatens Europe with his own

As it ran on the front
The filing resumes where the last one closed: Treasury's "examining" has become a ledger of invoices sent everywhere except the government that opened the war.
Twelve days later, on September 20th, Senator Grassley of Iowa asked in public why the president did not simply embargo diesel exports the way presidents in the 1970s embargoed farm goods when food prices spiked. The answer was already moving: by September 22nd Bessent confirmed the administration was "examining" exactly that ban. That same week the president was blaming Ukraine's refinery strikes for the diesel price climbing underneath all of it, six months into his own war with Iran.…
…(cont) On September 23rd, before the ban was even signed, Common Dreams carried the warning that a 90-day diesel export ban meant to blunt Iran-war price hikes could drive the same US economy further into the ground — pulling the country's own surplus diesel off world markets to relieve a shortage the war had created in the first place.
By October 1st the invoice had four lines on it. China stopped exporting its own fuel, a week after the president personally asked President Xi to send more — a government protecting its own pump prices while supplying none of the relief it had been asked for. The administration pressed Germany and France to release diesel from the emergency reserves both countries keep for their own future shortages, an export ban held out as the alternative if they decline. And the New York Times quoted the ban itself, not the war behind it, as a "tremendous shock and blow" to the economies being asked to absorb it.
Run the ledger. Washington started the war in February. The Times credits the record diesel price first to domestic refinery shutdowns; three weeks earlier the president had blamed Ukraine's strikes instead. Germany and France are being asked to spend down stockpiles built for their own emergencies to cover a price spike that began in a different country's war. China, asked directly for more fuel, delivered less. Every party actually billed this month — Iran's auto and rail workers, Europe's reserve tanks, the diesel buyer at the pump — sits somewhere other than the Treasury building that keeps naming the campaign. The gap between who started this and who is paying for it has a dollar sign and a due date, hon, and so far nobody at the top of that invoice has signed it.
“You ask a guy for gas money and he says no, then turns around and tells your neighbor to cover your tab or he'll cut them off too — that's the diesel play, and the neighbor didn't start the car. Nobody in this filing who actually lit the match is the one being handed the bill.”
“Look, asking allies to tap their own reserves is just burden-sharing, that's alliance management 101 — wait, did I just say the allies should eat a price spike from a war we started? That's not — strike that, it's "coordinated energy diplomacy," and the ban is a negotiating position, not a threat, except for the part where it's explicitly the alternative to compliance.”
Earlier in this story
- Trump blames Ukraine for his Iran war's diesel spike, then threatens Germany and France to cover it. By Ruth · the matinee edition, 1 October 2026
- Kansas's 87-year Senate streak takes three hits in four days: two forecasters, then an ICE raid. By Ruth · the noon edition, 1 October 2026
- GOP bills farmers for a 'conservative' $38 billion war; may pay with a century-old Kansas Senate seat. By Chip · the coffee break edition, 1 October 2026
- Budget office calls the war's $38 billion price tag conservative; Indiana responds by surrendering its own gas tax. By Chip · the breakfast edition, 1 October 2026
- Congress scheduled the $45 billion Iran war bill for after voters decide who controls Congress By Ruth · the breakfast edition, 30 September 2026
- EPA answers a war priced at $38 billion by reconsidering air quality rules, not the war. By Chip · the sunrise edition, 30 September 2026
The receipts
‘it’s actually China saving itself’
The Treasury Department sanctioned Iranian auto and rail industries Thursday, the latest salvo in its economic campaign against the Islamic Republic. The Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned the entirety of those industries — going after automobile, train and manufacturing companies — which the…
A reduction in refineries has already driven the price of diesel to record highs, threatening economies. An U.S. export ban would be “tremendous shock and blow.”
· Critics Warn Trump-Backed Diesel Export Ban Could Further Drive US Economy Into the Ground from the morgue, 23 Sep 2026
· Grassley urges Trump to place embargo on diesel exports amid high prices from the morgue, 20 Sep 2026
· Bessent unveils sanctions targeting Iran airlines in latest ‘economic D-Day’ tactic from the morgue, 8 Sep 2026
This page is a back-issue: the story as it ran, receipts as they were. The current edition is at the front. The byline is a pen name for a column drafted by a machine and checked by the editor: how this is made.