Switch to seedless. Get 30% off with SWITCH30 till Oct 21Trump announces Russian diesel supply deal for U.S.
7.1 Macro Trump announced a deal with Putin for Russia to supply millions of tons of diesel to the U.S., with immediate shipments and eased sanctions, aiming to lower record fuel prices.
Donald Trump has announced a major agreement with Vladimir Putin for Russia to supply millions of tons of diesel to the United States and the global market. This move comes as fuel prices in the U.S. have surged to $6.28 per gallon, prompting urgent action to stabilize costs. The deal outlines immediate shipment of over 300,000 tons of diesel, with an additional 500,000 tons scheduled for November and another 1 million tons to follow. There is potential for up to 3 million more tons, depending on Russian refinery capacity. To facilitate these transactions, the U.S. Treasury Department has issued a license allowing Russian diesel imports until April 2027, temporarily easing energy sanctions. This agreement occurs amid ongoing damage to Russian refineries from Ukrainian attacks and heightened tensions in the Middle East, both of which have strained global fuel supplies. The White House is considering further measures to contain costs, while Trump frames the deal as a step to lower prices ahead of legislative elections. Delivery of the shipments has not yet been confirmed.
