World · North America · 1 day ago
Trump says Russia will supply diesel to US and global markets
Trump says Russia will send diesel to the United States and other markets in several shipments.
The deal comes as fuel prices have surged because of supply disruptions linked to conflicts in the Middle East and Ukraine.
It also comes despite US sanctions on Russia over its war in Ukraine.
Analysts say the extra fuel may have only a small effect on the global crisis.
Donald Trump says Russia has agreed to supply more than 300,000 tonnes of diesel to the United States and global markets immediately.
Trump said Russia would release another 500,000 tonnes in November and a further 1 million tonnes sometime after that.
He said the supplies would help lower fuel prices, while analysts told Al Jazeera the deal was likely to have little effect on the global energy crisis.
The agreement comes despite US sanctions targeting buyers of Russian oil, announced last month.
Diesel prices have surged amid supply disruptions linked to conflicts and attacks on energy infrastructure.
- Who
- US President Donald Trump says he agreed the deal with Russian President Vladimir Putin.
- What
- Russia is to supply diesel to the United States and global markets. Trump said more releases would follow.
- When
- Trump announced the agreement on Friday night. He said another 500,000 tonnes would be released in November.
- Where
- The supplies are intended for the US and global markets.
- Why
- Trump says the supplies will help lower fuel prices. Analysts told Al Jazeera the deal is unlikely to ease the global energy crisis much.
Donald Trump
Analysts cited by Al Jazeera
Expected effect on prices
Donald Trump
Trump said the diesel supplies would bring down prices in the US and the rest of the world.
Analysts cited by Al Jazeera
Analysts said the deal would likely have little effect on easing the global energy crisis.
Lower prices for Americans, especially our Great Farmers, Ranchers, and Truckers, is my Greatest Priority.
confirmed its willingness to supply oil and petroleum products to the US market and global markets at large
The US and Israel first launched strikes on Iran, after which Tehran largely closed off the Strait of Hormuz.
Diesel prices reached record highs in the US and Europe, and the US national average reached $6.52 a gallon.
G7 countries agreed to release 100 million barrels of emergency reserves of diesel and crude oil.
Trump announced that Russia would immediately supply more than 300,000 tonnes of diesel to the US and global markets.
Trump said Russia would release another 500,000 tonnes of diesel.
- Immediate diesel supply
- More than 300,000 tonnes
- November diesel release
- 500,000 tonnes
- Later diesel release
- 1 million tonnes sometime after November
- US diesel price
- Record national average of $6.52 a gallon in September
- G7 emergency reserves
- 100 million barrels of diesel and crude oil
Sources
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