US Envoy Kushner says diesel deal is an effort to soften Russia
US special envoy Jared Kushner said that a deal to allow Russian diesel exports is part of a bid to draw Russia back to negotiations after the failure of previous efforts to launch sustained talks to end the war, Reuters reported on Monday.
US envoy Jared Kushner disclosed that a deal permitting Russian diesel exports aims to ease tensions with Moscow after previous failed attempts to initiate enduring talks to cease the conflict, according to Reuters on Monday. The White House informed Ukrainian officials that the diesel arrangement could potentially temper Russia's stance, as it conveys President Trump's willingness to engage with Russia.
The agreement, which involves Russia shipping more than 2.25 million barrels of diesel to the US and worldwide markets, has faced skepticism from certain US lawmakers who contend it would provide Moscow with funds to continue its war efforts without necessitating any concessions from Putin to end the conflict. On Monday, Trump endorsed the agreement, labeling it "the right decision for the American people."
At present, West Texas Intermediate (WTI) is trading up 1.62% for the day at $92.45. WTI is a type of crude oil traded on international markets, often referred to as "light" and "sweet" due to its low gravity and minimal sulfur content, respectively. It is considered a high-quality oil that is easily refined and is sourced in the United States, distributed through the Cushing hub, dubbed "The Pipeline Crossroads of the World."
WTI is a benchmark for the oil market, and its price is frequently quoted in the media. Factors such as global growth, political instability, wars, sanctions, OPEC decisions, the value of the US Dollar, and OPEC+ meetings influence WTI oil prices.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
