Donald Trump announced that an agreement had been reached with Vladimir Putin regarding the immediate and phased supply of millions of metric tons of Russian diesel to the U.S. and global markets, following a phone call with the Russian president.
In a post on Truth Social, the U.S. president described the conversation as “extremely successful,” arguing that the agreement, combined with the control that, he claims, the U.S. exercises in the Strait of Hormuz, will lead to a rapid and dramatic drop in diesel prices, both for American consumers and internationally.
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According to Trump’s announcement, Russia has agreed to immediately supply more than 300,000 metric tons of diesel to the U.S. and global markets, while an additional 500,000 metric tons are expected to be delivered by the end of November.
As he noted, a new shipment of 1,000,000 metric tons will follow, though he did not specify an exact timeline, while Moscow is reportedly committed to delivering another 3,000,000 metric tons in the near future, depending on the status of Russian refineries.
If the quantities described by the U.S. president are fully delivered, the total deliveries will exceed 4.8 million metric tons of diesel.
Trump directly linked the agreement to efforts to curb energy costs, placing particular emphasis on the impact of high diesel prices on the agricultural sector and transportation.
“Thanks to our FULL CONTROL of the Strait of Hormuz and this great announcement regarding Russian energy, diesel prices for Americans—and, in fact, for the entire world—will FALL TO RECORD LOWS, AND QUICKLY!” he wrote emphatically.
At the same time, he emphasized that ensuring lower prices is a top priority for his administration, especially for farmers, livestock farmers, and truck drivers, who depend directly on fuel costs for their livelihoods.
He concluded with yet another emphatic statement regarding Tehran’s nuclear program. “Furthermore, it must be understood that Iran will not possess a nuclear weapon!” Trump said, reiterating his position that Washington will not allow the regime in Tehran to acquire a nuclear arsenal.
The announcement comes at a time of intense pressure on the U.S. fuel market. According to Reuters, diesel prices in the U.S. have risen by about 70% since the start of the war with Iran, reaching $6.28 per gallon.
The U.S. government is seeking ways to bring costs down, with less than four weeks remaining until the midterm elections on November 3.
