Story perspectives

Lawmakers Say Diesel Deal May Break Russian Import Ban

By Drooid · Oct 13, 2026, 6:16 PM UTC · How we work

Summary

Trump Announces Diesel Deal

U.S. President Donald Trump announced a Russia diesel supply deal and temporarily lifted sanctions on October 13, 2026.
Brent futures fell 1.2% to $105.35 a barrel and WTI dropped 1.3% to $92.49.
Republican and Democratic lawmakers said the diesel agreement appears to violate a law banning Russian energy imports.
OPEC cut its 2026 oil-demand-growth forecast to 400,000 barrels per day, down from 1.4 million bpd.

Summary

Citigroup Releases Earnings

AAA reported the national average gasoline price hit $4.35 per gallon.
The University of Michigan survey found consumers expect 4.7% inflation over the next year.
Higher diesel prices led some businesses to add delivery fees to online orders.
The U.S. dollar rose to 158.27 yen.
Citigroup, JPMorgan Chase and Wells Fargo will release quarterly earnings on Tuesday.

History

Historical Context

After Russia annexed Crimea in 2014, the US and EU imposed sanctions that slashed Gazprom shipments and capped oil prices. The 2022 invasion triggered bans, including the EU’s partial oil embargo and the G7 price cap, while Russia shifted diesel exports to Asia, sending 1.5 million barrels in early 2023. The October 13, 2026 Trump-Putin diesel agreement revives Russian fuel flows amid a decade of sanctions.

1 of 3

Trump Announces Diesel Deal

U.S. President Donald Trump announced a Russia diesel supply deal and temporarily lifted sanctions on October 13, 2026.
Brent futures fell 1.2% to $105.35 a barrel and WTI dropped 1.3% to $92.49.
Republican and Democratic lawmakers said the diesel agreement appears to violate a law banning Russian energy imports.
OPEC cut its 2026 oil-demand-growth forecast to 400,000 barrels per day, down from 1.4 million bpd.

1 / 3