Trump announces deal with Putin to supply Russian diesel

Summarised from 16 outlets · Updated 9 Oct, 20:55 · Archive

President Trump says Russia will supply over five million tons of diesel to global markets under an agreement with Vladimir Putin.

President Donald Trump announced Friday that Russia has agreed to release diesel into American and global markets following a phone call with President Vladimir Putin. The Kremlin's envoy Kirill Dmitriev welcomed the agreement, posting on social media that 'Russia-US cooperation on diesel and energy will benefit the world.' Shortly after Trump's announcement, the US Treasury Department formally issued a temporary license allowing Russian diesel to reach global markets through April 2027.

According to Trump, Russia will immediately supply over 300,000 tons of diesel, with another 500,000 tons released in November and one million tons 'immediately thereafter.' Trump stated that Russia would then deliver an additional three million tons 'within a short period of time' based on the condition of Russian refineries, which have been damaged by Ukrainian drone strikes.

Trump claimed the deal would help lower diesel prices globally. He wrote on Truth Social: 'Diesel Prices for Americans and, indeed, the World, will be COMING DOWN, IN RECORD NUMBERS, AND FAST!' He added: 'Lower prices for Americans, especially our Great Farmers, Ranchers, and Truckers, is my Greatest Priority.' He also noted that combined with America's 'total control of the Strait of Hormuz,' the agreement would bring down prices.

Diesel prices have surged significantly in the US since the war with Iran began in February. The average price of diesel currently stands at $6.28 per gallon according to the AAA, though this represents a decline from a record high of $6.53 recorded at the end of September. Diesel powers trucks and trains that move goods across America and most of the country's farm machinery, making elevated prices a direct squeeze on freight operators and farmers.

The announcement comes as cost of living has emerged as a dominant voter concern ahead of the November midterm elections. A Reuters/Ipsos poll conducted in late August found that 47 per cent of registered voters named cost of living as the single most important factor in their vote.

The deal marks a dramatic reversal of US sanctions policy toward Russia. Trump signed sweeping sanctions legislation last month, the 'Lindsey Graham Sanctioning Russia and Iran Act of 2026,' which takes effect on 19 October and imposes a 500 per cent tariff on Russian goods and allows secondary sanctions on countries buying Russian fuel. Many provisions in that law can be waived by the president. The move also comes just before planned diplomatic talks in Miami between US, Ukrainian and European officials aimed at ending Russia's war in Ukraine. The White House did not immediately clarify who would pay for the Russian diesel or precisely when supplies would become available to buyers.

How it is being reported

• Trump strikes diesel deal with Putin, reversing years of pressure on Russia over Ukraine warUS President Donald Trump said Friday that Russia had agreed to immediately supply more than 300,000 tonnes of diesel to US and global markets in an effort to cut fuel prices before November's midterm elections. The move marks a stunning change of policy after the US and its allies hit Russia with waves of sanctions over its invasion of Ukraine.France 24 · 9 Oct, 21:00
• Putin promises to send Trump 300,000 tons of diesel in ‘Russia-US cooperation’Posting on Truth Social, Trump said 300,00 tons of fuel would be released to America and the global marketplace ‘immediately’ (Picture: AFP/POOL/AFP via Getty Images) Vladimir Putin has offered Donald Trump 5 million US tons of diesel after a phone call with the US President. Posting on Truth…Metro · 9 Oct, 20:50
• Trump agrees deal with Putin to release Russian diesel to US and global marketsTrump said the Russian President agreed to release almost two million tonnes of the commodity after diesel prices in the US doubled since the war with Iran began in February over the conflict causing global supply issuesThe i Paper · 9 Oct, 20:48
• Trump announces Russian diesel deal amid soaring US fuel pricesRussia to deliver millions of tonnes of diesel soon, US President Trump announces after talks with Putin.Al Jazeera · 9 Oct, 20:47
• Trump says US to import Russian diesel to ease pricesThe US has not imported Russian oil or gas since 2022, when the Biden administration banned them because of Moscow’s full-scale invasion of Ukraine.Euronews · 9 Oct, 20:43
• Trump announces Russia will release millions of tons of diesel to help with costsRussian President Vladimir Putin agreed to release 300,000 tons of diesel immediately and millions more over the coming months.CBS News · 9 Oct, 20:38
• Trump announces deal with Putin to release Russian dieselDiesel prices in the US have doubled since the war with Iran began in February, putting pressure on Republicans ahead of the midterms.BBC World · 9 Oct, 20:32
• Trump, Putin agree on deal to release Russian diesel to US, world marketsRussia will supply diesel to global markets in a bid to lower prices, US President Donald Trump has said. The move reverses years of pressure on the Russian economy following the Russian invasion of Ukraine.DW News · 9 Oct, 20:29
• Trump announces deal with Putin to bring Russian diesel to US to lower costsAmericans have seen their fuel costs rocket following Trump’s war in IranIndependent World · 9 Oct, 20:28
• Donald Trump takes nearly 5million tonnes of diesel from Russia after cosying up to dictator Vladimir PutinPresident Donald Trump says he has struck a deal with Vladimir Putin to obtain diesel from Russia, a stunning reversal of US pressure on Moscow over its war with Ukraine, in a bid to tackle soaring fuel prices ahead of the midterm elections.The Mirror · 9 Oct, 20:21
• Trump lifts sanctions on Russian diesel, suggests US may buy amid surging fuel pricesThe move comes weeks ahead of the midterm election.Politico Europe · 9 Oct, 20:21
• Trump strikes deal with Putin to supply Russian diesel to U.S. and global marketsCNBC · 9 Oct, 20:16
• Trump announces deal with Putin to deliver Russian diesel fuel to the USTrump has vacillated between tough economic penalties on Russia to halt continuing invasion of Ukraine and reprieves as the US war with Iran causes increased energy costs and inflation.New York Post · 9 Oct, 20:08
• Trump says Russia will immediately supply '300,000 tons of diesel' - with millions more to followDonald Trump says Russia will provide "the American and global marketplace" with nearly five million tons of diesel after a phone call with Vladimir Putin.Sky News · 9 Oct, 20:02
• Trump agrees deal with Putin for Russia to release diesel on to global marketPact between Washington and Moscow comes just weeks before critical midterm elections in the USFinancial Times · 9 Oct, 20:01
• Putin throws Trump midterm lifeline as Russian tyrant agrees to 'immediately supply US with 300,000 tons of diesel'Donald Trump announced today that Vladimir Putin has agreed to supply the US with hundreds of thousands of tons of diesel.Daily Mail · 9 Oct, 19:59

In this story: Donald Trump · Vladimir Putin · United States · Russia · Ukraine · Iran · Kirill Dmitriev

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem