Trump’s Russian diesel deal calms global fuel markets, offers relief to Africa

Vanguard News | 16-10-2026 07:10am |

United States President Donald Trump announced a diesel supply agreement with Russian President Vladimir Putin on Friday, 9 October 2026, temporarily lifting sanctions on Russian diesel. The White House said the US Treasury's Office of Foreign Assets Control issued a temporary general license allowing Russian diesel supply to the global market through April 7, 2027. Russia will supply more than 300,000 tonnes of diesel to the US and global markets, with a further 500,000 tonnes in November and 1 million tonnes shortly after. Analysts say the move will ease fuel price pressure worldwide and deliver relief to developing nations across Africa.

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.