India, Oct. 10 -- US President Donald Trump announced a major energy supply agreement with Russia on Friday that could see Moscow supply nearly 5 million tons of diesel fuel to global energy markets. The deal was unveiled after a phone call with Russian President Vladimir Putin and was swiftly followed by the US Treasury issuing a temporary general license allowing the purchase of Russian diesel until April 7 next year. The move comes as part of Trump's effort to reduce domestic energy prices ahead of the crucial midterm elections in the US, in which the President's Republican party is expected to fare poorly due to widespread concerns about high inflation and affordability.

"I have just concluded a highly successful discussion with Pres...