President Donald Trump said Friday that Russia will supply millions of tons of diesel to the global market under a deal he reached with President Vladimir Putin.
Russia will immediately supply more than 300,000 tons of diesel, followed by 500,000 tons in November and a million tons immediately after, Trump said in an article on Truth Social. Moscow will then deliver an additional 3 million tons of diesel, depending on the condition of Russian refineries, Trump said.
Diesel prices have soared around the world as Ukraine hit Russian refineries, forcing Moscow to ban diesel exports to the global market. Iran and its Houthi allies have also attacked refineries in the Middle East, further limiting fuel supplies.
Trump is under increasing political pressure to take steps to reduce fuel prices before the November midterm elections. Republicans face competitive elections in conservative strongholds like Iowa, where farmers are bearing the brunt of high diesel prices.
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