Trump Strikes Deal with Putin to Supply Russian Diesel to U.S. and Global Markets
- On Friday, October 9, 2026, President Donald Trump announced that Russian President Vladimir Putin agreed to immediately supply over 300,000 tons of diesel fuel to the American and global marketplace, describing the discussion as "highly successful."
- Since the start of the Iran war in February, diesel prices have soared nearly 70%, while the Kremlin imposed a diesel export ban in July following Ukrainian attacks on energy assets, tightening global supply.
- Russia will deliver 500,000 tons in November and 1,000,000 tons immediately thereafter, with 3 million tons expected shortly; the Treasury Department's Office of Foreign Assets Control is issuing a temporary general license to facilitate these shipments.
- Moscow aims to link this energy supply to ceasefire arrangements in the Black Sea, using the supply as a bargaining chip while potentially pressing for the release of frozen assets, according to diplomatic sources.
- It remains unclear how these shipments will function given wide-ranging sanctions applied to Russia since the invasion of Ukraine, and Trump claims prices will drop, though observers question the deal's effectiveness.
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465 Articles
Channel News Asia
Trump says Putin agrees to major release of diesel to US, global markets
US President Donald Trump said Russia would initially supply more than 300,000 tonnes of diesel, followed by further shipments in November and the months ahead.
Trump says Russia will supply diesel to U.S. and global markets
President Donald Trump announced Friday that Russia will supply millions of tons of diesel fuel to U.S. and global markets following a conversation with Russian President Vladimir Putin. The announcement comes as the war in Iran continues to disrupt global energy supplies. Trump said Russia would immediately provide more than 300,000 tons of diesel, followed […]
La Razón
diarioestrategia.clReaches a "transcendental agreement" with Putin for the supply of three million tons of Russian diesel "in the short term"
In a meeting with Russian President Vladimir Putin, Trump announced that they had reached an agreement on Russia to supply millions of tons of diesel fuel to the United States and global markets. Trump says diesel prices drop rapidly to record lows as shipments begin
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