Trump's Diesel Move Wasn't Enough to Lower Prices at the Pump; Gulf Concerns Drove Diesel Prices Up.
6 Articles
6 Articles
Wall Street Journal said that the quantities of Russian diesel declared by the agreement to be pumped into the market would not significantly reduce United States prices, given the global supply deficit and the continuing navigating disturbances in the Strait of Hormuz.
Neither the release of reserves nor Trump's deal with the Russians really drop the diesel price at the gas station. Fuel simply remains expensive.
Elected members of both sides question the legality of this agreement
Trump is intensifying his attacks on the rule of law, and the dollar diplomacy forced by the cynical Russian diesel deal is not working. Many of his allies also want Trump to fall, but the world had better prepare for further shocks. Austrian politics is paralyzed by the fear that a far-right leader could become chancellor.
With the US election approaching, Donald Trump is trying to quickly bring down the fuel price fever with a sudden agreement with Russia. Three weeks ago, he himself signed a law allowing the introduction of new sanctions and tariffs against countries importing Russian oil.
Trump's Diesel Move Wasn't Enough to Lower Prices at the Pump; Gulf Concerns Drove Diesel Prices Up.
Following US President Trump's announcement of diesel supplies from Russia, the drop in diesel prices did not translate into a price reduction at the pump. Industry sources stated that developments in the Gulf increased concerns about energy deliveries, leading to a rise in diesel prices, while no increase is expected in gasoline prices.
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