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Trump Putin Seal Global Diesel Supply Deal
Seetao 2026-10-10 11:34
  • The US and Russia have reached a large diesel order, and global oil prices are bearish
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The call bell rang, and the voices of the leaders of two major countries were connected across the air, leading to the implementation of a diesel supply agreement. Russia is accelerating the delivery of fuel to the world, signaling a loosening of the tight energy market.

Trump posted on social media that he had just had a very successful conversation with Putin and reached an agreement that Russia would immediately supply over 300000 tons of diesel to the US and global markets, followed by another 500000 tons in November, 1 million tons thereafter, and an additional 3 million tons in the short term depending on the condition of the refinery. Trump said that given the United States' full control over the Strait of Hormuz and significant positive news from Russia's energy sector, global diesel prices will sharply and rapidly decline. The Russian side has confirmed the call, and the special representative of the President, Dmitriev, stated that energy and economic cooperation between Russia and the United States will continue and benefit the global market.Editor/Min Jing

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