Trump says Russia to supply diesel to U.S. and global markets
Prices for diesel are near a record and have put Trump's fellow Republicans at risk ahead of the Nov. 3 congressional elections.
President Donald Trump announced on Friday that Russia has agreed to supply diesel to global markets, aiming to reduce fuel prices. His administration also temporarily lifted U.S. sanctions on Russian fuel, which were intended to limit Moscow's revenue from its conflict with Ukraine. Diesel prices, crucial for agriculture, heating, and trucking, have been at record highs, endangering Republican control in the upcoming November 3 congressional elections.
Following the announcement, diesel prices decreased, but analysts believe the agreement may not be sufficient to stabilize them. Trump claimed in a social media post that he had a "highly successful" conversation with Russian President Vladimir Putin, stating that Russia would immediately send over 300,000 metric tons of diesel to the U.S. and other markets, equivalent to approximately 2.25 million barrels of fuel. The U.S. exports around 1.5 million barrels of diesel daily.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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