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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174 Articles
The announcement comes a few weeks after the elections and when fuel prices are affecting Republicans’ choices
US President Donald Trump, after a telephone conversation with Russian President Vladimir Putin, announces that Russia will supply the "American and global market" with almost five million US tons of diesel, reports Sky News.
NEW: Trump Strikes Game-Changing Oil Deal With Russia
President Donald Trump announced a major energy agreement with Russian President Vladimir Putin on Friday, securing a commitment to release millions of tons of Russian diesel into global markets as soaring fuel prices hammer American farmers, truckers and businesses. The agreement comes just weeks before November’s midterm elections, with the Trump administration scrambling to ease […]
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