Trump’s deal with Putin will have little impact on US diesel prices, experts warn
Source: The Guardian ·
Analysts say fuel will take weeks to ship and is too small to affect prices, with the full deal unlikely to be met given damage to Russian refineriesZelenskyy rejects Trump claim of Ukraine-Russia ‘energy ceasefire’Donald Trump’s deal with Vladimir Putin to temporarily lift sanctions on US imports of Russian diesel will have little “meaningful” impact for motorists and businesses in the US and…
From the source
Donald Trump’s deal with Vladimir Putin to temporarily lift sanctions on US imports of Russian diesel will have little “meaningful” impact for motorists and businesses in the US and overseas, energy and foreign policy analysts have predicted. The US president infuriated the Ukraine president, Volodymyr Zelenskyy, as he took to his Truth Social network on Friday, saying the agreement with his Russia counterpart to supply millions of tonnes of diesel was essential to reduce fuel prices in the US, which have soared after his decision to go to war against Iran. The package announced by Trump involves 300,000 tonnes of diesel immediately “to the American and global marketplace” followed by 500,000 tonnes in November and a further 1m tonnes after that. That 300,000 figure equates to about three-quarters of what the country would use in a day, according to calculations using figures from the US Energy Information Administration. “Diesel prices for Americans and, indeed, the world, will be…