Analysts Doubt Trump Russian Diesel Deal Lowers Prices
Market analysts warn that Trump's deal with Russia to supply diesel will likely fail to lower global prices. The announced volumes are considered too small to ease the current supply squeeze caused by ongoing conflicts.
President Donald Trump struck a deal with Russia to supply diesel to global markets, but analysts warn the volumes are too small to lower prices. The agreement follows record-high fuel costs driven by the conflict involving the United States, Israel and Iran. High pump prices present a political challenge for the ruling party ahead of congressional midterm elections.
