
US President Donald Trump announced an agreement with Russian President Vladimir Putin to supply global markets with more than 300,000 tons of Russian diesel immediately, and an additional 500,000 tons in November, with the aim of reducing energy costs ahead of the midterm elections, noting that millions of additional tons will be supplied later depending on the condition of Russian diesel refineries.
AI-generated summary
Last month, Russia extended its ban on diesel exports, exacerbating pressures on energy costs globally, and Trump is working on ways to reduce costs, including temporarily lifting restrictions on diesel intended for use in farm equipment.
(CNN) - US President Donald Trump said on Friday that he had reached an agreement with Russian President Vladimir Putin to supply Russian diesel fuel to the markets, as part of his efforts to reduce energy costs ahead of the midterm elections.
Trump added that Putin agreed to "immediately supply" more than 300,000 tons of diesel to global energy markets, with a promise to supply another 500,000 tons in November.
He explained that millions of additional tons of Russian diesel will be supplied following the first shipments "based on the condition of their diesel refineries."
Last month, Russia extended its ban on diesel exports, exacerbating pressures on energy costs.
Trump is working to find ways to reduce costs, including temporarily lifting restrictions on diesel for use in agricultural equipment.
During his call with Putin, Trump did not mention the death of a researcher in a laboratory specializing in plague, the causes of which remain unexplained.
Instead, he focused exclusively on diesel supplies, which Republicans are concerned about, since higher energy prices drive up other costs.
Trump wrote: “Thanks to our complete control of the Strait of Hormuz, in addition to this important announcement regarding Russian energy, diesel prices for Americans, and indeed the entire world, will fall at record rates and quickly!”
AI outlook — possibilities, not facts
Global diesel prices will fall significantly over the next two weeks
Likely · Within weeks
The agreement will face criticism from European allies for its proximity to Russia
Possible · Within weeks

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The International Energy Agency agreed to accelerate the release of oil and diesel stocks announced in March to ease the supply crisis and rising prices due to the war with Iran, with oil prices falling, Brent at $100.20 and West Texas Intermediate at $88.28, amid ongoing geopolitical tensions and Federal Reserve debates on interest rates.

Angela Wilkinson, Secretary General of the World Energy Council, emphasized that the resilience of the global energy system depends on multiple paths to access markets and strong infrastructure, and not only on the volume of production, noting that the current crisis has demonstrated the importance of cooperation between producers and consumers and managing increasing dependencies in light of geopolitical tensions and technological transformations.

Oil prices rose on Wednesday as markets balanced fears of supply disruption due to a storm in the Gulf of Mexico and attacks in Saudi Arabia, and increased crude flows from the Middle East, with Brent rising to $101.51 and West Texas Intermediate to $90.25.
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