Trump’s Russian deal may deliver little at the pump

President Donald Trump has struck a deal with Russian President Vladimir Putin to increase the supply of diesel in the United States, but experts doubt it will significantly lower the high prices at the pump. The agreement calls for Russia to supply over 300,000 tons of diesel initially, followed by additional amounts in November and later. However, energy policy experts caution that the impact may be minimal at best.

The deal comes at a time when global oil prices are rising due to the ongoing U.S. war with Iran, and diesel prices have reached record highs in the U.S. and Europe. Higher diesel prices lead to increased transportation costs for goods, contributing to inflation. While the deal may help Russia offload its excess diesel, it is unlikely to substantially lower prices for U.S. consumers, particularly in the upcoming midterm elections.