U.S. Interior Secretary Doug Burgum said on Monday that a ban on U.S. oil or fuel exports would be unlikely to help lower energy prices for consumers amidst the Iran war. "We would consider an export ban if we thought that actually might lower prices, but that's not the case," Burgum told reporters at a G20 meeting on energy in Houston. Burgum, an appointee of President Donald Trump, said that bans on oil, gasoline or diesel exports could lead to retaliatory actions from other countries, which could hurt consumers in states like California, which depends partially on energy imports.
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