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US-Russia deal to supply diesel
The United States and Russia announced a deal to immediately supply over 300,000 metric tons of diesel to the global market, aimed at easing energy prices that have reached record levels due to shrinking supplies resulting from conflicts in Iran and Ukraine. This comes as diesel prices in the United States have risen to $6.28 per gallon, with futures contracts dropping by about 4.8% following the announcement, although market experts believe that the agreed quantities are insufficient to stabilize prices permanently. This move has faced international criticism, with the Ukrainian president warning against closer ties with Moscow, while the U.S. administration is considering activating the Defense Production Act to bolster local refining capabilities and reduce burdens on the transportation and agricultural sectors.
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