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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U.S. President Donald Trump announced on the 9th (local time) that he had reached an agreement with Russian President Vladimir Putin to supply over 300,000 tons of Russian diesel fuel to the U.S. and global markets on a large scale. In line with this, the Trump administration announced temporary sanctions relief measures against Russia, including allowing U.S. imports of Russian diesel.
U.S. President Trump agreed with President Putin to import 4.8 million tons of Russian diesel to curb soaring prices ahead of the midterm elections. The U.S. Treasury Department issued a license allowing imports until April of next year, but future repercussions are expected as this measure faces international criticism for undermining sanctions and prolonging the war.
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U.S. official: Trump cut deal with Putin after Zelensky ignored his requests
President Trump decided to make a diesel fuel deal with Russia after Ukrainian President Volodymyr Zelensky ignored half a dozen U.S. requests to stop attacking Russian oil refineries, a U.S. official with direct knowledge told Axios. Why it matters: Trump's deal with Russian President Vladimir Putin sparked a new crisis with Ukraine and threatens to derail a new push by the Trump administration for a deal to end the war. "Zelensky is misreading…
The Toronto Star
Boosting US oil supplies with Russian diesel unlikely to have much impact on prices, experts say
A new pact that calls for Russia to boost the U.S. supply of diesel over the next few months is unlikely to make a dent in painfully high prices at the pump or elsewhere, energy policy experts say.
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