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U.S. President Donald Trump said Friday that Russian President Vladimir Putin had agreed to supply millions of tons of diesel fuel to U.S. and global markets following what Trump described as a “highly successful” discussion, while the Kremlin confirmed Russia’s readiness to supply oil and petroleum products.
Trump said on Truth Social that Russia would immediately provide more than 300,000 tons of diesel, followed by another 500,000 tons in November and 1 million tons shortly afterward.
He added that Russia would deliver a further 3 million tons “within a short period,” depending on the condition of its diesel refineries.
“Lower prices for Americans, especially our Great Farmers, Ranchers, and Truckers, is my Greatest Priority,” Trump said.
He also reiterated his claim of U.S. “total control” over the Strait of Hormuz and said Iran would not be allowed to obtain a nuclear weapon.
The Kremlin said Putin told Trump that Russia was ready to supply oil and petroleum products to U.S. and global markets.
“In discussing the state of the global energy sector, the Russian side reaffirmed its readiness to supply oil and petroleum products to the U.S. and global markets,” Putin said, according to the Kremlin.
“I am confident that this will have a positive impact on the global economy as a whole,” he added.
The Kremlin said the two leaders also discussed prospects for resolving the war in Ukraine, the situation involving Iran and bilateral relations.
Putin said they agreed to maintain personal contacts and continue cooperation between their presidential administrations, intelligence agencies and other government bodies.
Kirill Dmitriyev, Putin’s special representative for international economic cooperation, also said energy and economic cooperation between Russia and the U.S. would continue and benefit global markets.
Shortly after Trump’s announcement, the U.S. Treasury Department said its Office of Foreign Assets Control, or OFAC, was issuing a temporary general license allowing Russian diesel to reach global markets.
The license will remain in effect through April 2027.
The move temporarily eases restrictions on Russian diesel as the U.S. seeks to address energy supply pressures.
Russia has faced rounds of U.S. and allied sanctions since its full-scale invasion of Ukraine in February 2022.
U.S. gasoline and diesel prices have risen sharply since late February, when U.S.-Israel strikes against Iran were followed by Tehran effectively blocking the Strait of Hormuz.
The average price of regular gasoline in the U.S. has risen more than 46% since late February to $4.37 per gallon, while diesel has increased 67% to $6.28 per gallon.
The conflict has disrupted energy supplies and pushed up global prices as commercial oil traffic through the strategic waterway has been effectively halted.
The U.S. Treasury had previously introduced temporary sanctions waivers to help address oil supply shortages linked to the war.
Trump’s announcement also came as U.S., Ukrainian and European officials were due to hold talks in Miami as part of a renewed diplomatic effort to end Russia’s war in Ukraine.
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