Trump Rules Out Diesel Export Ban After G7 Emergency Reserve Release and Claims Iran Military Capabilities Eliminated

President Trump declared he will not authorize a ban on U.S. diesel exports, hours after G7 nations and their partners agreed to release diesel and crude oil from their emergency stockpiles in an effort to bring down soaring fuel prices. Trump also signaled that the U.S. strategic oil reserves would be replenished imminently, and noted that U.S. exports have hit record levels.

On Iran, Trump said the country's military capabilities have been eliminated and predicted the conflict will end soon, either through a diplomatic deal or further military action. He added that the current action costs far less than allowing Iran to obtain a nuclear weapon.

Trump addressed the South Korea situation around a $54 billion Alaska LNG investment, shrugging off Seoul's uncertainty and pushing back on suggestions he jumped the gun by announcing the deal prematurely. He also said the U.S. could take equity stakes in AI companies OpenAI or Anthropic, drawing a parallel to its arrangement with Intel, though he rejected the idea of outright nationalization of frontier AI labs. Ahead of midterms, Trump explained campaign stops planned for Alabama, Oklahoma, and Texas, and separately expressed concern about Republican Party Chairman Michael Whatley's position in North Carolina.