Moscow and Washington have reached a major energy deal to supply Russian diesel to American and global markets, potentially easing a fuel shortage
A major energy deal reached on Friday to export Russian diesel to the US and global markets, potentially easing an international fuel shortage, is an “immediate win” for both US President Donald Trump and Russian President Vladimir Putin, Craig Pasta Jardula, host of the daily call-in show “Drive Time,” has told RT.
Both leaders spoke by phone for 90 minutes on Friday after which Trump announced Russia would immediately supply more than 300,000 tonnes of diesel, followed by 500,000 tonnes in November and an additional one million tonnes thereafter.
“I do think these are immediate wins for both Vladimir Putin and Donald Trump. Trump has midterm elections coming up in less than a month, so he can tout this as a victory. One of the biggest concerns in the US is oil prices, so this will boost market confidence at a time when markets have become increasingly unstable,” Jardula said.
Diesel prices affect agriculture, home heating, and trucking costs, and are near record highs, posing a risk for Trump’s fellow Republicans ahead of elections on November 3 that will determine whether they retain control of Congress. US diesel futures fell almost 5% following news of the deal and were trading at $4.64 a gallon.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: rt.com
