Trump’s Russian diesel deal, which drew fury in Ukraine, is unlikely to lower prices, experts say

US President Donald Trump announced on October 9 that Russia would supply more than 300,000 tons of diesel to global markets, potentially lowering energy prices. However, energy experts assert that the deal, which angered Ukraine, is unlikely to substantially reduce diesel costs. CNN reports that Trump assured Putin would provide the diesel "immediately."

Yet, US diesel usage totals approximately 16 million tons monthly, while global consumption is around 120 million tons. Analysts argue the move is more political than a market shift. Former US officials doubt Russia can actually deliver, as strikes on its refineries complicate matters. Even if the fuel arrives, it would be a temporary measure.

Former State Department officials suggest Putin has already achieved his goals with the election as leverage. Putin seeks sanctions relief and no new US sanctions, regardless of Ukraine's actions. For Putin, the deal serves as a victory without conditions, Kovalenko asserts. Ukrainian President Zelenskyy denounced the transaction, calling it a "birthday gift for Putin." The following day, Russia unleashed six airstrikes on Zaporizhzhia, resulting in 17 fatalities.