Senate Republicans are at odds over a proposed ban on diesel exports, supported by Sen. Chuck Grassley and other farm-state Republicans. The initiative aims to boost domestic supply and reduce prices, but oil-state Republicans label it a “gimmick.” Diesel prices are causing political concern in farm states like Iowa, Kansas, and Nebraska, where Democrats might gain Senate seats.

President Trump’s trade war affects commodities such as pork and soybeans, and rising fuel and fertilizer costs are troubling farmers. Some Senate Republicans fear backlash from key states.

Grassley questioned President Trump on social media, suggesting an embargo on diesel exports akin to those placed on agricultural products in the 70s due to inflated food prices. “High diesel prices ARE KILLING FARMERS INCOME,” he stated.

Rep. Ashley Hinson, in a tight race with Democrat Josh Turek, supported the embargo and blamed Trump’s conflict with Iran for rising fuel costs. “Iowans are being squeezed and shouldn’t foot the bill for the war in Iran,” she declared. Hinson called for a suspension of the gas tax, diesel export pausing, and relaxed restrictions on ethanol blends.

Business & Economy newsletter by Julia Shapero highlighted key business news. DoorDash settled for $131.5 million with NYC over underpayment allegations. Former California candidate Katie Porter reentered politics cautiously. Senate Democrats seek tariff refunds post-Supreme Court ruling. Commentator Bill O’Reilly warned Republicans of the anger surrounding economic issues ahead of the 2026 midterms.

Additional stories included an accusation of embezzlement by an ex-partner in the firm linked to Trump’s social media.

Business headlines noted Nasdaq’s record close led by AI stocks and unions rallying against AI threats. The Pentagon aims for meritocracy over bureaucracy in promotions, as noted by Defense Secretary Pete Hegseth. Larry Sabato’s Crystal Ball shifted Senate and gubernatorial races leftward due to adverse conditions for the GOP.