Trump says diesel prices "will be COMING DOWN, IN RECORD NUMBERS, AND FAST" after Russia energy deal

President Donald Trump announced Friday that he had reached an agreement with Russian President Vladimir Putin for Russia to ship diesel to the U.S. and global markets, beginning with more than 300,000 tons and continuing with larger volumes in November and afterward. Trump predicted a substantial decrease in diesel expenses for Americans and globally, attributing that outlook to the Russian energy arrangement and to his assertion about the Strait of Hormuz. The announcement came as U.S. fuel prices had climbed after a joint U.S.-Israeli military operation in Iran, with diesel setting a record average before dipping. It raised questions about sanctions passed last month over Russia's war in Ukraine, made further penalties this month less likely, and unfolded before midterm elections where high prices were expected to hurt Trump and Republicans; Treasury issued a temporary license for Russian diesel shipments.