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Russia starts diesel deal with US
Russia has announced the commencement of an agreement with the United States to increase diesel supplies. A tanker laden with 40,000 tons of diesel (approximately 300,000 barrels) will set sail to America on Thursday, in fulfillment of Moscow's pledge to provide at least 500,000 tons of diesel. This agreement, made between Presidents Putin and Trump, aims to ease fuel export restrictions and reduce diesel prices, which have surpassed $200 per barrel, ahead of the U.S. midterm elections in November. The supply is considered limited and part of Moscow's efforts to gradually boost diesel exports until the end of the year, amid concerns about its impact on energy prices and global central banks. The move has also faced opposition from American and European lawmakers. Trump's goal with this agreement is to lower diesel prices and perhaps pave the way for a peace deal with Ukraine, while it is also seen as bolstering Russian financing in the Ukraine war.
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