Will Trump's Russia diesel deal actually bring down prices?

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.