Trump announces Russian diesel supply and sanctions waiver

President Donald Trump said Russia would supply more than 300,000 tonnes of diesel to global markets and announced a temporary waiver of certain sanctions, restrictions and duties, as energy prices remain elevated amid disruptions linked to conflicts in the Middle East and Ukraine. The promised shipments and their market effects have not been independently confirmed in the available reporting. Trump announced the agreement on October 9, saying the initial volume would be followed by further deliveries. He also said Russia would provide another 500,000 tonnes in November and one million tonnes thereafter, with a larger release depending on refinery conditions. The US Treasury Department issued a temporary licence allowing certain Russian diesel deliveries until April 2027. The executive order waiving specified measures under the Russia sanctions law said Trump had certified to Congress that the waiver served US national interests. The announcement comes as diesel supply has tightened. The International Energy Agency reported global gasoil production, which includes diesel, averaged 26.4 million barrels per day in the second quarter of 2026, down 1.5 million barrels per day from...