Politics · October 9, 2026
Trump announces deal with Putin to release Russian diesel
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President Donald Trump announced a deal with Russian President Vladimir Putin to release significant quantities of Russian diesel into the global market to combat rising fuel costs. The agreement specifies an immediate release of 300,000 tonnes, followed by 500,000 tonnes in November and 1 million tonnes thereafter, with potential for further deliveries. To facilitate this, the US Treasury issued a temporary license allowing the import of Russian diesel despite existing sanctions and the upcoming 'Lindsey Graham Sanctioning Russia and Iran Act of 2026.' This move comes as diesel prices reached near-record highs following the outbreak of war with Iran.
President Donald Trump announced a deal with Russian President Vladimir Putin to release significant quantities of Russian diesel into the global market to combat rising fuel costs. The agreement specifies an immediate release of 300,000 tonnes, followed by 500,000 tonnes in November and 1 million tonnes thereafter, with potential for further deliveries. To facilitate this, the US Treasury issued a temporary license allowing the import of Russian diesel despite existing sanctions and the upcoming 'Lindsey Graham Sanctioning Russia and Iran Act of 2026.' This move comes as diesel prices reached near-record highs following the outbreak of war with Iran.