CatalystCommodities
Diesel prices surge: All eyes on Trump-Putin deal
Diesel prices surge amid market focus on potential Trump-Putin deal.
Context
What happened: US diesel prices remain near record highs as the Iran war drives up fuel costs. Trump said Putin agreed to supply millions of tons of diesel to global markets, and Treasury issued Russia-related General License 135 authorizing Russian diesel transactions.
Key numbers: US average diesel price $6.28 per gallon on Friday, up 70%
Why it matters: Rising fuel costs pressure Trump and Republicans defending narrow congressional majorities, with cost of living the top voter concern. Truckers warn smaller operators could fail, creating a chain effect that pressures larger carriers.
Coverage: 10 outlets in 24h
What changed
US diesel prices remain near record highs as the Iran war drives up fuel costs. Trump said Putin agreed to supply millions of tons of diesel to global markets, and Treasury issued Russia-related General License 135 authorizing Russian diesel transactions.
Why it matters
Rising fuel costs pressure Trump and Republicans defending narrow congressional majorities, with cost of living the top voter concern. Truckers warn smaller operators could fail, creating a chain effect that pressures larger carriers.