The Aporia · Asian shares are mixed and oil prices fall about $1.50 as Trump says US will buy diesel from Russia

Asian shares are mixed and oil prices fall about $1.50 as Trump says US will buy diesel from Russia

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Kurtenbach, E. (2026, October 12). Asian shares are mixed and oil prices fall about $1.50 as Trump says US will buy diesel from Russia. Toronto Star. https://www.thestar.com/news/world/asian-shares-are-mixed-and-oil-prices-fall-about-1-50-as-trump-says-us-will-buy-diesel-from-russia/article_6b21cb65-cafc-5119-839c-5605fa9f1b47.html

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

Quick Summary

Asian stock markets showed mixed performance on Monday as U.S. President Donald Trump's controversial plan to purchase Russian diesel drew criticism from lawmakers. Oil prices fell approximately $1.50 a barrel amid uncertainty over the Iran conflict. The Kospi index in South Korea dropped 3.1%, while Hong Kong’s Hang Seng and Shanghai Composite saw slight gains. This development follows Trump’s social media announcement about a deal with Russia to supply diesel, aimed at mitigating rising fuel prices before the U.S. midterm elections.

Written by AI on 2026-10-12, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Trump announced a deal with Russia to release millions of tons of diesel fuel to help reduce global energy prices. According to Trump, Russia will immediately release 300,000 tons of diesel and subsequently release additional amounts in November and December. The Treasury Department temporarily waived sanctions on Russia's energy sector to allow the supply of Russian diesel to the global market.

However, Ukrainian President Volodymyr Zelenskyy criticized this deal, stating it would channel more money to Moscow, thereby funding Putin’s war against Ukraine. He warned that the agreement could also lead to further economic cooperation between Washington and Moscow, potentially involving gas deals and lifting sanctions on Russia. Zelenskyy urged European allies to increase their support for Ukraine in light of these developments. The EU leaders expressed solidarity with Zelenskyy during an EU summit in Brussels, criticizing Trump's stance towards Ukraine. Zelenskyy accused Putin of having no genuine interest in peace talks and called Moscow’s approach a “parody” of negotiations. He also highlighted the financial strain on Ukraine due to ongoing conflict and appealed for more defense support from European allies.

Written for “Trump's Russian Diesel Deal” on 2026-10-31, grounded in this article and the 71 other(s) covering the same event.

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How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted

sentences that state something as happening or true

Uncertain

0 of 27 hedged ("reportedly", "may", "according to")

Leaning

Leans left

of the writing, not the subject · beta estimate

Publisher signals

64/100

Toronto Star's corrections and hedging, across everything collected from it. Not a measure of accuracy.

Outlets on this story

Politics

Same framing elsewhere

articles that frame the event the way this one does

Analyzed 2026-10-12 · how these are computed

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Article leaning vs. publisher reliability

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Who wrote this

Elaine Kurtenbach

10 article(s) here · 1 carrying a prediction

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2026-10-16 · assertive framing · Americans face another painful blow to mortgages and credit cards as Fed signals more interest rate hikes

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2026-10-12 · assertive framing · Asian shares are mixed and oil prices fall about $1.50 as Trump says US will buy diesel from Russia

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Also by Elaine Kurtenbach

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Nothing else under this byline is closely related to this article, so these are simply their most recent.

All 10 articles by Elaine Kurtenbach →

Topics

Asian Iran Russia Russian U.S.

Subjects

U.S. GPE · 9× Russia GPE · 5× Russian NORP · 3× Trump PERSON · 3× Americans NORP · 2× Asian NORP · 2× Iran GPE · 2× BANGKOK GPE · 1× Donald Trump PERSON · 1× South Korea’s GPE · 1×

Narrative

Trump’s announcement came just a few weeks after Congress passed legislation that directed Trump to impose substantial tariffs on the top importers of Russian oil or natural gas, with an exception for countries that import less than 15% of Russia’s natural gas exports and have taken significant steps to reduce those imports.

framing: assertive · carried by 1 article(s) · first seen 2026-10-12

🔮 This week will bring updates on inflation and retail sales in the U.S.

2026-10-12 · Toronto Star

Asian shares are mixed and oil prices fall about $1.50 as Trump says US will buy diesel from Russia · assertive framing

Claims (27 extracted, 0 hedged)

BANGKOK (AP) — Asian shares were mixed and oil prices fell about $1.50 a barrel Monday as U.S. President Donald Trump’s plan to purchase diesel from Russia drew criticism from some lawmakers. asserted

plan → fall → lawmakers

U.S. stock futures gained more than 0.3% after Wall Street finished its record-setting week with gains. asserted

Street → gain → gains

This week will bring updates on inflation and retail sales in the U.S. asserted

week → bring → U.S.

The biggest U.S. banks will report earnings from the most recent quarter. asserted

banks → report → quarter

In Asian trading, South Korea’s Kospi lost 3.1% to 6,416.17. asserted

Kospi → lose → 6,416.17

Markets in Tokyo were closed for a holiday. asserted

Markets → close → holiday

Hong Kong’s Hang Seng edged 0.2% higher to 24,253.70 and the Shanghai Composite index slipped 0.1% to 3,809.08. asserted

index → edge → 3,809.08

In Australia, the S&P/ASX 200 surged 0.9% to 8,790.70. asserted

ASX → surge → 8,790.70

Taiwan’s Taiex gave up 0.2% and the Sensex in India inched up 0.1%. asserted

Sensex → give → India

On Friday, the S&P 500 climbed 0.6% and the Dow Jones Industrial Average added 0.8%. asserted

Average → climb → %

The Nasdaq composite rose 0.6%. asserted

composite → rise → ?

Oil prices have continued to yo-yo because of uncertainty about when the war with Iran will allow the global energy industry to return to normal. asserted

industry → continue → Iran

Trump shocked lawmakers when he announced on social media Friday that he struck a deal to buy Russian diesel with Russian President Vladimir Putin in a phone call, aiming to tamp down a spike in fuel prices ahead of the Nov. 3 U.S. midterm elections. asserted

he → shock → elections

The president said Russia will immediately supply more than 300,000 tons of diesel to the American and global market, followed by an additional 500,000 tons in November and 1 million tons “immediately thereafter.” asserted

Russia → say → November

Russia will deliver an additional 3 million tons “within a short period of time” after that, he wrote. asserted

he → deliver → that

The plan runs counter to U.S. efforts to cut the flow of money Russia gets from oil and gas sales that can be used to pay for its war against Ukraine. asserted

that → run → Ukraine

that → come → imports

A bipartisan group of six senators called Sunday for the administration to “immediately reverse course” on the plan. asserted

administration → call → plan

U.S. benchmark crude oil fell 1.7% to $90.31 per barrel. asserted

oil → fall → barrel

Share prices have surged upward, supported by expectations of strong corporate profits, even as Americans say they’re feeling more squeezed by high inflation. asserted

they → surge → inflation

A preliminary report from the University of Michigan said Friday that U.S. consumers are raising their own forecasts for how bad inflation will be over the coming year. asserted

inflation → say → year

They’re expecting inflation of 4.7%, up from their forecast of 4.6% a month ago and just 3.4% in February before the war with Iran began. asserted

war → expect → Iran

Sentiment among consumers is falling sharply for Americans with lower incomes and smaller investments in stocks, who can least afford the fast increases in the cost of living. asserted

who → fall → living

The pressure is on companies to deliver strong growth in profits after their stock prices ran toward records despite the downward push from high bond yields. asserted

prices → deliver → yields

This week will bring high-profile profit reports from big banks, including Citigroup, JPMorgan Chase and Wells Fargo all on Tuesday. asserted

week → bring → Tuesday

In other dealings early Monday, the U.S. dollar rose to 158.27 Japanese yen from 158.23 yen. asserted

dollar → rise → yen

The euro climbed to $1.1211 from $1.1191. asserted

euro → climb → 1.1191