Skip to main content

One post tagged with "office-of-foreign-assets-control-ofac"

View All Tags

Trumps diesel deal with Putin How much how long and will It cut prices

· 6 min read

Trump's diesel deal with Putin: How much, how long, and will It cut prices?​

TEHRAN - On October 9, US President Donald Trump announced an agreement with Russian President Vladimir Putin for Russia to supply diesel to the US and global markets, paired with a temporary 6-month US sanctions waiver. The move is aimed at easing record-high US diesel prices weeks before the November 3 midterms. Initial volumes are modest relative to consumption, so analysts expect limited and mostly psychological price effects — unless larger follow-on deliveries materialize and Russian refineries recover.

Trump's diesel deal with Putin: How much, how long, and will It cut prices?