Business as usual between Frenemies: Trump's Diesel Deal with Russia

The diesel deal between Trump and Putin involves the lifting of sanctions on Russian diesel exports, aiming to lower US diesel prices. This move is expected to have a significant impact on US truckers and farmers, who are affected by rising fuel costs. The deal could lead to a 20% deficit in diesel prices, which is about 80% of normal levels, according to industry sources. The US Energy Information Administration notes that Russia could supply 300,000 metric tons of diesel this month if a key refinery is restored, though the exact conditions of the supply remain unclear due to ongoing Ukrainian attacks on refineries. The deal is seen as a strategic move to stabilize the US market and address concerns ahead of the November 3 midterm elections.