Trump announces deal with Putin to release Russian diesel

9 October 2026, 20: 20 BST. Updated 7 minutes ago.

Key points

• He remarked Putin had agreed to release 300, 000 tonnes of diesel immediately, followed by 500, 000 tonnes in November and another million after that.
• US President Donald Trump notes he has reached an agreement with Russian President Vladimir Putin allowing Moscow to "immediately release" diesel into the global market.
• "Diesel Prices for Americans and, indeed, the World, will be COMING DOWN, IN RECORD NUMBERS, AND FAST!" Trump wrote on Truth social.
• An envoy for Putin, Kirill Dmitriev, welcomed the accord on social media, saying: "Russia-US co-operation on diesel and energy will benefit the world."
• Shortly after Trump's announcement, the US Treasury formally issued a temporary license allowing Russian diesel into the market.

Diesel rates in the US have doubled since the war with Iran began in February, putting pressure on Republicans ahead of the midterm elections over the rising cost of living.

For context, the average diesel cost in the US is at present $6.28 a gallon, according to the AAA, down from the record high of $6.53 recorded at the the end of September.

Notably, an envoy for Putin, Kirill Dmitriev, welcomed the accord on social media, saying: "Russia-US co-operation on diesel and energy will benefit the world."

For now, trump announces deal with Putin to release Russian diesel remains the part of the story worth watching, and further updates are likely as more details are confirmed.