US President Donald Trump announced that Russia would immediately supply more than 300,000 tonnes of diesel fuel to US and global markets, followed by another 500,000 tonnes in November, in a move aimed at curbing rising energy costs in the United States.
Trump said on social media that he had obtained the approval of his Russian counterpart, Vladimir Putin, to release diesel fuel into US and global markets, amid pressure on energy prices linked to the war with Iran.
Temporary US license
Alongside Trump's announcement, the US Treasury Department said it would issue a temporary license allowing Russian diesel to flow to global markets.
Russia will immediately supply more than 300,000 tonnes of diesel fuel to US and global markets, and another 500,000 tonnes in November
Diesel prices at record levels
Diesel prices in the United States reached record levels after rising by about 70 percent since the outbreak of the war with Iran. The average price reached $6.28 per gallon on Thursday, compared with a record peak approaching $6.53 in September.
