President Donald Trump appears to be well aware of rising fuel costs to the American consumer and businesses, and he announced a major deal with Russia on Friday to address it.
Trump took to his Truth Social platform to explain the particulars.
“I have just concluded a highly successful discussion with President Vladimir Putin, of Russia, wherein it was agreed that Russia will immediately supply over 300,000 Tons of Diesel Fuel to the American and Global Marketplace, another 500,000 Tons during the month of November, and 1,000,000 Tons immediately thereafter,” Trump’s post began.
“Additionally, based on the condition of their Diesel Refineries, Russia will then deliver, within a short period of time, 3,000,000 Tons of Diesel Fuel. Between our TOTAL CONTROL of the Strait of Hormuz, and this great announcement on Russian Energy, Diesel Prices for Americans and, indeed, the World, will be COMING DOWN, IN RECORD NUMBERS, AND FAST! Lower prices for Americans, especially our Great Farmers, Ranchers, and Truckers, is my Greatest Priority,” the president continued.
“This is a very big and important announcement. Additionally, it must be understood, that Iran will not have a Nuclear Weapon! Thank you for your attention to this matter,” he concluded.
BREAKING: Donald Trump has thanked Vladimir Putin for providing "the American and global marketplace" with ‘300,000 tons of diesel’.
https://t.co/CmnK3JNInn https://t.co/9pvOzP7gG7
— Sky News (@SkyNews) October 9, 2026
Trump’s surprise agreement with Russian President Vladimir Putin to increase diesel supplies has triggered sharp criticism from Ukrainian leaders and congressional Democrats, while energy analysts question whether the arrangement will significantly reduce fuel prices.
Ukrainian President Volodymyr Zelenskyy condemned the agreement, arguing that easing sanctions on Russian petroleum products would provide Moscow with additional revenue to finance its war against Ukraine. He described the decision as a sign of weakness and warned that Russia would use the economic benefits to prolong the conflict.
Senate Democratic Leader Chuck Schumer and Sens. Jeanne Shaheen and Elizabeth Warren issued a joint statement accusing Trump of undermining American national security and abandoning Ukraine. They argued that allowing Russian diesel sales contradicted Washington’s previous efforts to restrict Moscow’s energy revenues.
Trump defended the agreement as a necessary step toward reducing diesel prices, which have surged amid disruptions to global energy supplies. He said the arrangement would provide immediate relief for American farmers, truckers and businesses facing higher transportation costs.
Putin welcomed the agreement, expressing confidence that additional Russian petroleum supplies would benefit the global economy. Russian officials also indicated that restrictions on diesel exports would be eased.
It was the second deal to relieve record-high diesel fuel prices.
Last week, Trump announced that European nations and other U.S. allies will begin tapping emergency fuel reserves as part of a coordinated effort to increase supplies and ease soaring diesel prices.
The announcement came as the Group of Seven nations agreed to release 100 million barrels of diesel, crude oil and other petroleum products through the International Energy Agency.
The release will begin immediately and continue over four months, with officials promising to put a “substantial” amount of diesel onto the market within the first 20 days.
Trump announced the development on Truth Social before the G7 released details of the agreement.
“Europe has just agreed to release a massive amount of their heavily stocked Diesel Oil,” Trump wrote. “The process will begin immediately.”
The president had spent recent weeks urging European governments to draw down their diesel inventories as prices climbed in the United States.
The administration had even considered restricting U.S. diesel exports if European countries refused to release additional supplies.
Trump said last week that an export ban was no longer under consideration.
The agreement followed a videoconference of G7 leaders chaired by French President Emmanuel Macron.
The group includes the United States, France, Germany, Britain, Italy, Canada and Japan.
“We will implement our commitments with a coordinated release through the IEA of 100 million barrels to begin immediately over four months, including a frontloaded substantial diesel release within the first 20 days by G7 members and partners,” the leaders said in a joint statement.
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