Story perspectives

Trump Announces Russian Diesel Deal of 300,000 Tons

By Drooid · Oct 13, 2026, 10:33 AM UTC · How we work

Summary

Trump Announces Diesel Deal

U.S. President Donald Trump announced a Russian diesel supply deal covering over 300,000 metric tons.
Brent crude rose above $107 per barrel as attacks on Saudi Arabia and the Strait of Hormuz heightened concerns.
U.S. West Texas Intermediate climbed to $93.7 per barrel, its highest since Sept. 29, amid the same security threats.
ICE gasoil futures fell 4.3% to $1,419.5 per metric ton after the diesel deal, reflecting market uncertainty.

Summary

Indonesia Stock Exchange Fines

The Jakarta Composite Index fell 0.36% to 5,914, slipping below 5,800 in early trade.
The Indonesia Stock Exchange fined 70 firms for late interim statements, imposing Rp 150 million and Rp 50 million penalties.
Phintraco Sekuritas warned that high oil prices could widen the state budget deficit and deepen the trade deficit.
MSCI-related rumors added uncertainty, prompting investors to reassess exposure to Indonesian equities.

History

Historical Context

The 1973 Arab oil embargo, launched in October 1973, forced OPEC members to cut exports, sending crude prices soaring above $12 per barrel. President Richard Nixon’s administration responded with a $2.5 billion gasoline allocation program, while Saudi Arabia and Iran together supplied 70 % of global oil. Today’s Russian diesel contract with Donald Trump and Indonesia’s stock-exchange fines echo that era, as high Brent prices above $107 per barrel again pressure markets and fiscal balances. The 1973 shock taught policymakers that energy disruptions can trigger inflation, sovereign debt spikes, and lasting regulatory reforms worldwide.

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Trump Announces Diesel Deal

U.S. President Donald Trump announced a Russian diesel supply deal covering over 300,000 metric tons.
Brent crude rose above $107 per barrel as attacks on Saudi Arabia and the Strait of Hormuz heightened concerns.
U.S. West Texas Intermediate climbed to $93.7 per barrel, its highest since Sept. 29, amid the same security threats.
ICE gasoil futures fell 4.3% to $1,419.5 per metric ton after the diesel deal, reflecting market uncertainty.

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