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Senior Fellow and Head of Corporate Partnership Strategy
Average U.S. diesel prices remain stuck above $6 a gallon, raising fuel costs in trucking, agriculture and construction.
President Donald Trump announced Friday that he had struck a deal with Russian President Vladimir Putin to immediately supply the U.S. more than 300,000 tons of diesel.
Donald Trump announced a deal with Vladimir Putin to supply additional Russian diesel amid global fuel shortages. The agreement outlines the potential supply of millions of tonnes of diesel in the coming months. However, concerns exist about Russia's ability to meet the promised volumes due to domestic limitations. Analysts suggest that any significant price relief in the U.S. may be unlikely in the current market.
The Center on Global Energy Policy is providing live updates on key developments related to the Iran crisis. Check back here for the latest.
Washington leans on maritime pressure to force change on Iranâs Hormuz stance