# Trump's Russia Diesel Deal Won't Lower Prices

> Trump's Russia diesel deal unlikely to significantly lower global fuel prices despite expectations.
- Title: Trump's Russia Diesel Deal Won't Lower Prices · Dw | Shortify
- Summary: Trump's Russia diesel deal unlikely to significantly lower global fuel prices despite expectations. Trump's diesel deal with Russia will not meaningfully…
- Keywords: trump, russia, diesel, global prices, strait of hormuz, ukraine, iran, commerzbank, energy prices, diesel exports, news, world
- Source: Dw — https://dw.com/en/trump-s-diesel-deal-with-russia-is-unlikely-to-significantly-lower-global-fuel-prices-despite-expectations-of-rapid-relief/a-79659601?maca=en-rss-en-all-1573-rdf
- Read time: 1 min
- Topics: trump, russia, diesel, global prices, strait of hormuz, ukraine, iran, commerzbank, energy prices, diesel exports, news, world
## Global diesel prices rising
Diesel prices on global markets are unlikely to fall significantly anytime soon despite Trump's Russia deal.
## Iran and Strait Disruptions
High diesel prices stem from war in Iran and shipping disruptions through the Strait of Hormuz and Bab al-Mandeb.
## Refinery Output Declines
Roughly 13.5 million barrels of crude oil flow through the Strait of Hormuz daily, but refined diesel volumes remain at 677,000 barrels per day.
## Trump's Diesel Announcement
Trump announced temporary suspension of sanctions on Russia to import Russian diesel, claiming prices would fall rapidly.

> diesel prices for Americans and, indeed, the world, will be COMING DOWN, IN RECORD NUMBERS, AND FAST!
## Russia Confirms Deal
Russia confirmed the diesel arrangement as beneficial for Russia, the US, and global energy markets.

> in the interests of Russia, the United States and global energy markets
## US Diesel Prices Surge
US diesel prices have risen 60% to $6.30 per gallon over the past year, equivalent to $1.66 per liter.
## US Becomes Top Diesel Exporter
The US is now the world's biggest diesel exporter with 1.26 million barrels per day, accounting for 15.4% of global exports.
## Limited Impact on US Demand
Russia's 2.2 million barrels of diesel would cover only one day of US demand, and 35.8 million barrels would cover nine days.
## Key takeaway

Trump's diesel deal with Russia will not meaningfully reduce global diesel prices due to supply bottlenecks and US refinery constraints.