Trump reaches Russian diesel supply deal as U.S. fuel prices surge

President Donald Trump announced on Friday that Russia has agreed to supply millions of tons of diesel to U.S. and global markets, as the country temporarily eases sanctions on Russian fuel exports to address surging domestic energy prices. The deal includes the initial delivery of over 300,000 tons of diesel, followed by 500,000 tons in November and another 1 million tons shortly thereafter, totaling roughly 36 million barrels.

The U.S. Treasury Department issued a temporary license allowing Russian diesel sales on global markets, suspending certain sanctions until April. However, Ukrainian President Volodymyr Zelensky criticized the sanctions relief, warning that it would provide Moscow with additional resources to continue its war. Analysts expressed uncertainty about whether Russia could deliver the promised volumes, given Ukrainian strikes on its refineries and restrictions on domestic diesel exports.

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