Russia News Updates

Gov. Mikie Sherrill says such imports would violate federal law and noted at least one tanker carrying the fuel may be headed for the state.

Global shipping costs soared after ongoing fighting upended flows from the Middle East and Russia, sending ships on longer voyages to secure supplies.

In a phone call with Trump earlier this month, Putin agreed to relax diesel-export restrictions and send more fuel to the global market, including the U.S.

A U.S. deal for Russian diesel is too limited to meaningfully move prices at the pumps ahead of November’s midterm elections, analysts say.

President Donald Trump said he has struck a deal to obtain diesel from Russia, a stunning reversal of years of U.S. pressure on Moscow over its war with Ukraine.

The ATA For-Hire Truck Tonnage Index fell 0.5% from July to 112.7, down from 113.3. The index also declined 1.6% year over year.

According to estimates compiled by Bloomberg and double-checked with diesel traders, the Iran war has removed more diesel supply from the market than the Russia-Ukraine conflict.

The jump in flows comes just as oil prices are soaring again after drone strikes shut down Saudi Arabia’s East-West pipeline.

Rising energy and transport bills driven by the war in Iran are fueling worries about the cost of everyday pantry staples from bread to meat and dairy. 

Russia is considering limiting exports of diesel and jet fuel, Interfax said, as refinery run rates fall to multiyear lows amid Ukraine’s escalating attacks.