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Trump strikes deal with Putin to supply Russian diesel to U.S. and global markets

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Core Development: Trump strikes deal with Putin to supply Russian diesel to U.S. and global markets
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President Donald Trump said Friday that Russia will supply millions of tons of diesel to the global market under a deal he struck with President Vladimir Putin.

Russia will immediately supply more than 300,000 tons of diesel, followed by 500,000 tons in November, and 1 million tons immediately thereafter, Trump said in a post on Truth Social. Moscow will then deliver another 3 million tons of diesel based on the condition of Russia's refineries, Trump said.

Diesel prices have surged around the world as Ukraine has pounded 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 constraining fuel supplies.

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Official Publisher Attribution: This report is aggregated from CNBC. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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