Trump Announces Russian Diesel Deal to Cut US Fuel Prices Ahead of Midterms

Brief By Hindustan Times / 11:33 AM on 10 Oct 2026

US President Donald Trump announced a deal with Russia to supply diesel fuel to global markets, potentially easing energy prices ahead of crucial midterm elections. Trump said Russia could provide millions of tonnes of diesel under a temporary US Treasury licence. However, analysts questioned whether the agreement would significantly reduce fuel costs, amid continuing sanctions and geopolitical tensions.