Explainer: What is the diesel deal between Putin and Trump?

October 13, 2026 10:36 AM

Explainer: What is the diesel deal between Putin and Trump?

US President Donald Trump has stepped up his efforts to lower US diesel prices by lifting sanctions on Russian diesel exports and announcing a ceasefire on energy infrastructure between Russia and Ukraine. Soaring US diesel prices are hurting US truckers and farmers, and are a concern for voters and political parties ahead of November 3 midterm elections. US prices were down 0.5% on Monday following Trump's announcements. HOW MUCH DIFFERENCE WILL RUSSIA'S RELEASE MAKE? Trump said on Friday t...

Trump defends Russia diesel deal as lawmakers from both parties complain

October 13, 2026 10:34 AM

Trump defends Russia diesel deal as lawmakers from both parties complain

President Donald Trump on Monday defended a diesel oil deal he made with Russia as lawmakers from both parties complained the agreement appears to violate US law barring imports of Russian energy until Moscow ends its aggression against Ukraine. Trump has said the deal to lift sanctions on Russian oil exports would help bring down high fuel prices. However some analysts doubted the amount of diesel Trump has said Russia would provide over the next three months would do much to bring down prices...