Trump agrees deal with Putin for Russia to release diesel on to global market - Financial Times

Former President Donald Trump announced that he has reached an agreement with Russian President Vladimir Putin under which Russia will supply diesel fuel to the United States and to markets worldwide. The arrangement is described as a direct deal between the two leaders to increase the availability of diesel amid current supply constraints.

According to the announcement, the Russian government will release diesel onto the global market, a move intended to alleviate shortages that have been affecting both domestic and international consumers. The specifics of the volume and timing of shipments have not been disclosed.

The announcement comes as diesel prices have risen sharply, with reports indicating a 70 percent increase since the conflict that began in February 2026 between the United States, Israel, and Iran. The surge in diesel costs has been identified as a factor contributing to broader inflationary pressures.

U.S. officials have not provided an official comment on the agreement, and the details of any coordination with existing sanctions or trade regulations remain unclear. The deal is presented by Trump as a means to stabilize fuel markets without further escalating geopolitical tensions.

Analysts note that the agreement, if implemented, could have significant implications for global energy markets, potentially influencing price trends and supply dynamics in the coming months.