Trump Announces Ukraine-Russia Energy Truce as Diesel Prices Hit Record Highs

President Trump announced that Ukraine and Russia have agreed to stop targeting each other's energy infrastructure after raising concerns about record-high diesel prices linked to the ongoing conflict. Diesel prices in the United States exceeded $6 per gallon, a new record, partly attributed to drone strikes on Russian oil refineries and Moscow's retaliatory strikes on Ukrainian energy facilities. Trump also indicated that broader fuel price relief may not arrive until after the November midterm elections.

Speaking to journalists in Ireland over the weekend, Trump attributed the rise in global diesel prices primarily to the war between Russia and Ukraine, pointing to Zelensky's attacks on Russian fuel infrastructure as a factor affecting output there, while noting that Russia had carried out comparable strikes against Ukrainian energy facilities; he also indicated that he had raised the matter directly with the Ukrainian leader, calling on him to halt operations targeting Russian diesel infrastructure. The national average for diesel fuel reached $6 per gallon last week, eclipsing the prior record of $5.82 per gallon established in June 2022 in the aftermath of Russia's invasion of Ukraine.

Trump Announces Ukraine-Russia Energy Truce as Diesel Prices Hit Record Highs

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Trump Announces Ukraine-Russia Energy Truce as Diesel Prices Hit Record Highs

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