US President Donald Trump says Russia has agreed to
‘immediately supply’ over 300,000 tonnes of diesel to the US.
The president announced the development in a post on Truth
Social on Friday, after a meeting with Russian President Vladimir Putin.
Trump added that the agreement also provides for the
delivery of three million tonnes of diesel to the US.
“I have just concluded a highly successful discussion with
President Vladimir Putin, of Russia, wherein it was agreed that Russia will
immediately supply over 300,000 Tons of Diesel Fuel to the American and Global
Marketplace, another 500,000 Tons during the month of November, and 1,000,000
Tons immediately thereafter,” he said.
“Additionally, based on the condition of their Diesel
Refineries, Russia will then deliver, within a short period of time, 3,000,000
Tons of Diesel Fuel.”
Trump said the US control of the Strait of Hormuz and the
agreement on Russian diesel supplies would drive down diesel prices in the US
and globally at a record pace.
He added that lowering fuel costs for Americans,
particularly farmers, ranchers and truckers, was his top priority, while
reiterating that Iran would not be allowed to acquire a nuclear weapon.
The development comes as Trump seeks to secure fuel supplies
and bring down prices in the US amid severe disruptions to shipping through the
Strait of Hormuz.
On October 2, Trump urged European Union (EU) countries to
release some of their diesel reserves to help ease soaring global fuel prices.
Later that day, the group of seven (G7) nations agreed to
coordinate the release of 100 million barrels of diesel and other reserves
through the International Energy Agency (IEA) to stabilise global energy
markets.
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