Trump announces deal with Putin to release Russian diesel
President Trump has reached a deal with Vladimir Putin to release Russian diesel into the global market to help lower fuel prices. The US Treasury has issued a temporary license to facilitate the imports as the administration seeks to combat rising costs ahead of midterm elections.
Why it matters
This move represents a significant shift in US-Russia energy policy and highlights the administration's aggressive efforts to manage domestic inflation and fuel costs.
Image source, Mandel NGAN / AFP via Getty Images Published 9 October 2026, 20:20 BST Updated 28 minutes ago US President Donald Trump says he has reached an agreement with Russian President Vladimir Putin allowing Moscow to "immediately release" diesel into the global market.
He said Putin had agreed to release 300,000 tonnes of diesel immediately, followed by 500,000 tonnes in November and another million after that.
"Diesel Prices for Americans and, indeed, the World, will be COMING DOWN, IN RECORD NUMBERS, AND FAST!" Trump wrote on Truth social.
Diesel prices in the US have doubled since the war with Iran began in February, putting pressure on Republicans ahead of the midterm elections over the rising cost of living.
Also covering this story
16 other newsrooms covered this event. We read each version separately.
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