Trump says he reached a diesel supply deal with Putin
President Trump announced Friday that he's reached a deal with Russian President Vladimir Putin to increase the supply of diesel to the U.S. and global markets. Why it matters: The announcement, which includes a waiver on some U.S. energy sanctions against Russia, took place as Ukrainian and European diplomats arrived in Miami for talks on ending the war with Russia. What he's saying: "I have…
President Trump declared on Friday that he has reached an agreement with Russian President Vladimir Putin to boost the supply of diesel to the United States and global markets. This development comes as Ukrainian and European diplomats are in Miami for discussions aimed at resolving the conflict with Russia. The ramifications of this announcement are significant, especially given the ongoing war.
In a message posted on Truth Social, Trump stated that they had concluded a "highly successful discussion" with Putin. Under the terms of the deal, Russia will initially supply 300,000 tons of diesel fuel to the U.S. and the global market. This amount is set to increase to 500,000 tons in November, followed by an immediate delivery of 1,000,000 tons. Trump's statement also mentioned that Russia plans to provide a total of 3,000,000 tons of diesel fuel within a relatively short timeframe.
In addition to the increased diesel supply, Trump expressed optimism about the impact on fuel prices for Americans and the world. He wrote that along with the influx of oil from the Strait of Hormuz, the cost of diesel will decline to unprecedented levels. This news, he claimed, will reverberate quickly across markets. The story is currently being updated as more information becomes available.
Written by urgent.news from Axios's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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