Politics International Relations

Witkoff, on Trump’s behalf, thanked Putin for the “diesel deal”

Putin said that after this decision global prices fell by 5–6%. At the close of trading Brent stood at $102.25 a barrel, and the EU is preparing an emergency meeting over diesel prices.

Donald Trump, Vladimir Putin and Steve Witkoff — Witkoff, on Trump's behalf, thanked Putin for the "diesel deal"
In the illustration: Donald Trump, Vladimir Putin and Steve Witkoff

Steve Witkoff, special envoy of the American leader, thanked Russian President Vladimir Putin on behalf of US President Donald Trump for the "diesel deal". According to the Russian outlet ng.ru, it will allow Russian diesel fuel to reach world markets. Telegram channels report the same: Witkoff spoke about the deal on Trump's behalf.

Trump himself, according to Telegram channels, said he had held extremely successful talks with Putin. According to him, Russia agreed to immediately supply more than 300,000 tonnes of diesel fuel to the American and world markets.

Later Trump spoke about the deal in more general terms. He said huge volumes of oil would come to the US, and added: "And that is the diesel fuel we need." He also thanked Putin.

Putin, according to pro-Russian outlets, said that after the decision on diesel fuel, prices on world markets fell by 5–6%. The reports contain no confirmation of this figure in the form of specific exchange data.

Reports from the trading floor are also consistent with the diesel decision having been accompanied by falling prices. As Reuters writes, oil futures ended trading lower after European leaders agreed to Trump's request to release diesel fuel reserves. The aim is to lower prices and reduce fuel imports from the US.

At the close of trading, Brent fell by 6 cents, or 0.06%, to $102.25 a barrel. WTI fell by $1.76, or 1.90%, to $91.11. For comparison: according to the Ukrainian outlet epravda.com.ua, on 2 October Brent fell by $1.80, or 1.76%, to $100.50 a barrel.

The words about a 5–6% fall in prices belong to the Russian president himself, not to exchange statistics. An emergency reaction is also coming from the European side: according to AFP, representatives of EU countries will hold an emergency meeting to work out a common response to the sharp rise in diesel fuel prices.

It is not yet known when deliveries under the "diesel deal" will begin or how it will affect fuel prices in Belarus.

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