A major shift in global energy markets is underway as the U.S. and international buyers are set to receive diesel supplies from Russia, according to an announcement by the president. The move follows Russia’s recent ban on diesel exports, which was imposed after its refineries faced repeated strikes in Ukraine. The export restriction had been extended until late October, but the president stated that Russia would now resume deliveries "immediately." The development could ease fuel shortages and stabilize prices amid ongoing disruptions in supply chains.
Russia will supply the U.S. and global market with diesel, President Trump announced Friday. His comments come after Russia had banned diesel exports as its refineries became targets of Ukrainian strikes. Late last month, Russia had extended its ban until the end of October. However, Trump on Friday said that Russia would “immediately” supply 300,000...
