Trump says Russia will supply diesel as energy and price concerns persist

President Donald Trump said Russia would supply more than 4 million tons of diesel to the global market after he spoke with Russian President Vladimir Putin.

Trump also said Russia and Ukraine had reached an energy ceasefire.

Ukrainian President Volodymyr Zelenskyy said Ukraine would agree to the truce if Russia did, and alleged that Moscow had already violated it.

The proposed diesel supply comes as Trump faces pressure to lower fuel costs for Americans before the midterm elections.

Analysts are skeptical the deal will bring prices down, and some experts and lawmakers say it may conflict with U.S. sanctions on Russian oil sales.

Attacks on tankers in the Strait of Hormuz have also increased, raising doubts about whether global oil supplies can grow significantly.

Oil futures rose after an initial decline, and the sources do not say whether the proposed truce or diesel supply will take effect.