Trump Strikes Diesel Deal With Putin to Bring Down Prices Ahead of Midterms
Trump announces a deal with Putin to boost Russian diesel supplies as the Treasury clears a path for global sales.
President Donald Trump announced on Friday that Russian President Vladimir Putin agreed to supply millions of tons of diesel fuel to global markets, with the aim of lowering fuel prices ahead of November's midterm elections. According to Trump's announcement on Truth Social, Russia will initially send over 300,000 tons of diesel fuel to the American and global marketplace, with additional shipments of 500,000 tons in November and 1 million tons immediately thereafter.
The White House stated that a general license from the Treasury Department allowed Russian diesel fuel to enter global markets. Critics, including Ukrainian President Volodymyr Zelensky and Republican Representative Don Bacon, have dismissed the move as misguided, arguing that it will only prolong the conflict in Ukraine and strengthen Russia's position.
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