Trump strikes major diesel deal with Russia in bid to lower US fuel prices ahead of midterms

October 9, 2026

US President Donald Trump announced a major energy supply agreement with Russia on Friday that could see Moscow supply nearly 5 million tons of diesel fuel to global energy markets. The deal was unveiled after a phone call with Russian President Vladimir Putin and was swiftly followed by the US Treasury issuing a temporary general license allowing the purchase of Russian diesel until April 7 next year.

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