Trump, Putin diesel deal: What it means for US fuel prices, global markets and the Russia-Ukraine war | Explained
New Delhi, Oct. 10 -- Trump's diesel deal with Putin: What it means for US fuel prices and the Russia-Ukraine war Will Russian supplies stabilise global markets?
US President Donald Trump has announced a deal with Russian President Vladimir Putin to increase diesel supplies to global markets, as soaring fuel prices threaten to become a political liability for Republicans ahead of the November 3 congressional elections.
The agreement comes as the US temporarily lifts sanctions on Russian fuel imports, reversing measures imposed to deprive Moscow of revenue for its war against Ukraine. While the move could provide some relief to a tight diesel market, analysts have questioned whether it will bring sustained price reductions.
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