Trump says Putin agreed to release diesel into global market
The 3 million metric ton figure is more concrete than the diesel pledge Trump described earlier the same day
Published
Trump says Putin has agreed to release diesel into the global market, putting the figure at 3 million metric tons.
Earlier the same day, Trump described the pledge differently, saying Putin had agreed to supply more than 300,000 tons of diesel immediately. He paired that claim with a separate one, that US control of the Strait of Hormuz would cut diesel costs for drivers, farmers and truckers.
Trump also repeated that the Iran situation will end soon and said prices will fall after the war, without adding new terms on talks, sanctions or military timing. Crude has been easing since Thursday, when it fell below $90.50 after Trump ruled out striking Iran before the election, a pledge he says holds through November 3 while the blockade on Iran stays in place.
The diesel pledge adds to a string of supply-side moves this week, following the European stock release and the red dye waiver, and fits the administration's pattern of framing tightness as temporary rather than structural. The 3 million ton figure is more concrete than the rhetoric that preceded it, but Trump has repeatedly paired diesel assurances with vaguer promises on Iran and Ukraine that have not yet changed physical flows. If the barrels materialize, it extends a run of easing announcements that have so far kept a lid on refined product tightness rather than reversed it.