Trump–Putin Diesel Deal Falters: No Shipments, No Price Drop, Political Loss
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Trump–Putin Diesel Deal Falters: No Shipments, No Price Drop, Political Loss
The last tanker carrying Russian diesel under President Donald Trump’s October deal with Vladimir Putin has turned back from the U.S. East Coast , confirming that zero Russian diesel has reached the United States since the agreement Meduza +1 .
What happened to the tanker
The Agioi Fanendes , loaded at Russia’s Primorsk port on October 22 with 40,000 metric tons of diesel and originally bound for New York, changed its listed destination to “for orders” on November 9 and began moving away from the U.S. coast Meduza . This was the fourth Russian tanker sent under the deal; others — Talisman and Leruo — had already diverted to Brazil and the Mediterranean Aljazeera +1 .
Why no diesel arrived
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U.S. sanctions and legal risks : Congress still bans Russian energy imports, and the U.S. Treasury’s temporary authorization was overridden by state and federal officials warning of penalties for handling such fuel
AP News +1 .
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Market resistance : Oil traders refused to buy the diesel, citing potential legal consequences Aljazeera .
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Political and economic context : The deal was announced to lower fuel prices before the U.S. midterm elections, but analysts said it was unlikely to impact prices, which had already surged due to the U.S.–Iran war Aljazeera +1 .
Impact on the deal
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No delivery : Despite Trump’s claim of over 300,000 tonnes available immediately, and further shipments planned, no diesel reached U.S. ports Aljazeera +1 .
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No price effect : U.S. diesel prices have not fallen; in fact, they remain at record highs Aljazeera +1 .
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Political fallout : The agreement, intended as a political win for Trump, coincided with the U.S. midterm elections. The Democrats won, and the deal is now seen as a political blunder Meduza .
Kremlin response
Moscow denied any link between the shipments and the U.S. elections, saying “all the diesel will find buyers” Meduza , but the diversion of all four tankers and the absence of U.S. unloading confirm the deal’s failure in practice.
In short: The Trump–Putin diesel deal produced no U.S. deliveries, failed to lower prices, and is now associated with a Democratic victory in the midterms — a political and economic loss for Trump’s administration Meduza +2 .
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Why no diesel arrived
U.S. sanctions and legal risks : Congress still bans Russian energy imports, and the U.S. Treasury’s temporary authorization was overridden by state and federal officials warning of penalties for handling such fuel
AP News +1 .
Market resistance : Oil traders refused to buy the diesel, citing potential legal consequences Aljazeera .
Political and economic context : The deal was announced to lower fuel prices before the U.S. midterm elections, but analysts said it was unlikely to impact prices, which had already surged due to the U.S.–Iran war Aljazeera +1 .
Political and economic context : The deal was announced to lower fuel prices before the U.S. midterm elections, but analysts said it was unlikely to impact prices, which had already surged due to the U.S.–Iran war Aljazeera +1 .
Even if the deal had suceeded-- a few tankers wouldn't have made any significant ongoing change in the price of oil!
This was the fourth Russian tanker sent under the deal; others — Talisman and Leruo — had already diverted to Brazil and the Mediterranean Aljazeera +1 .
Four tankers? Wouldn't have had any significant impact anyway!
Four tankers? Wouldn't have had any significant impact anyway!
There's one thing that would have significantly impacted oil prices-- and that is not starting this stupid war in the first place!