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Trump Says Ukraine’s Refinery Strikes Are Hurting Global Fuel Markets

Trump Says Ukraine’s Refinery Strikes Are Hurting Global Fuel Markets
Why Trump says Ukraine’s attacks on Russian refineries are ‘hurting the world’ · financialexpress.com

Trump wants Ukraine to stop attacking Russian refineries, which make fuel such as diesel.

He says the attacks are reducing the amount of fuel available around the world.

Diesel prices in Europe and the United States have risen sharply.

The International Energy Agency says many refineries are already working close to their limits.

That means it may be difficult to quickly make more fuel if supplies fall further.

India buys Russian crude oil and turns some of it into fuel for global markets.

More Russian energy exports could help Indian refiners, but the United States could impose tariffs on major buyers of Russian energy.

Russia agrees with Trump’s request.

Ukraine says the attacks are a legitimate way to limit fuel for Russia’s military and pressure its economy.

Key facts

European diesel prices
Diesel futures closed at a record high and were more than twice their level at the start of 2026.
US diesel prices
Retail diesel prices crossed $6 per gallon for the first time.
Global refining capacity
The International Energy Agency said many refineries are already operating near capacity, leaving few options to increase supplies.
Russian refinery attacks
Trump said many Russian refineries had been damaged and temporarily taken offline during the war.
India’s energy trade
Indian refiners buy discounted Russian crude, process it into products such as diesel and export some products internationally.
Potential US sanctions
The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 allows tariffs of up to 100% on goods from major buyers of Russian oil or gas, but does not impose them automatically.
Middle East diesel shipments
Regional diesel shipments fell by about half to 800,000 barrels per day between March and August.

Quotes

International Energy Agency

Intergovernmental energy organization

“Mr. Zelenskiy has to do one thing: He has to stop knocking out diesel fuel in Russia… There are plenty of other targets. Don’t hit diesel fuel. That’s hurting the world.”
financialexpress.com
“Many refineries around the world are already stretched to capacity”
financialexpress.com

Sources

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