Businessmarkets
Trump announces deal with Putin to release Russian diesel
US President Donald Trump has announced a new agreement with Russian President Vladimir Putin to release Russian diesel into the global market. The deal is aimed at curbing soaring fuel prices that have doubled in the US since the war with Iran began in February. Under the arrangement, Russia will immediately release 300,000 tonnes of diesel, followed by 500,000 tonnes in November and a subsequent million tonnes. Shortly after the announcement, the US Treasury issued a temporary license permitting Russian diesel into the market.