Peter Schiff Warns Record Diesel Prices Could Leave US Vulnerable To Next Energy Shock, Says Trump's Diesel Export Ban Could 'Backfire'

Economist Peter Schiff warned that record diesel prices and a depleted U.S. Strategic Petroleum Reserve could leave the country with a reduced energy buffer if the Iran war triggers another supply disruption. The warning highlights downside risk for fuel costs, inflation-sensitive assets and energy-dependent sectors, although it does not cite a new policy action or confirmed supply outage.