Can Russian diesel lower U.S. fuel prices? Understanding Trump’s plan

Trump lifted sanctions on Russian diesel exports and announced a Russia-Ukraine ceasefire covering energy infrastructure in an effort to lower U.S. diesel prices. Prices subsequently fell 0.5% on Monday. Russia pledged to supply more than 300,000 tonnes of diesel immediately, equivalent to about 2.25 million barrels—less than the U.S. transportation sector’s daily demand of about 2.94 million barrels. The availability of tankers and the condition of Russian refineries remain unclear. The Kremlin said Monday that ceasefire talks were still underway.