US and Russia announce agreement on diesel fuel supply

On October 9, 2026, U.S. President Donald Trump announced a deal with Russian President Vladimir Putin to address fuel shortages. Following a phone call between the two leaders, it was agreed that Russia will immediately supply over 300,000 tons of diesel to the American and global markets. This initial shipment is set to be followed by 500,000 tons in November, 1 million tons thereafter, and a potential further 3 million tons depending on the operational status of Russian refineries.

The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) is expected to issue a temporary general license to facilitate these imports. President Trump, who characterized the talks as highly successful, linked this agreement to the U.S. control of the Strait of Hormuz, claiming these measures will lead to a significant and rapid reduction in diesel prices. While the Kremlin confirmed its readiness to supply energy products to global markets, Ukrainian President Volodymyr Zelensky criticized the deal, arguing that it provides Russia with additional resources to sustain its war efforts.