Trump's Russia diesel deal aims to cap record US fuel prices before the vote
Trump said Russia agreed to ship more than 300,000 tonnes of diesel to global markets, with more to follow. The White House is weighing a Defense Production Act order to curb prices before the November midterms. US diesel sits near record highs after wars in Iran and Ukraine squeezed supply. Cheaper fuel would loosen the tailwind lifting Chevron Corporation (CVX), ExxonMobil Holdings Corporation (XOM) and the oil fund USO. Analysts call the volume too small to reset prices.
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Trump Says Russia Will Ship US Diesel as White House Weighs Defense Production Act Order to Cap Record Fuel Prices Before Midterms
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Trump says US to get diesel from Russia, relaxing pressure on Moscow to ease prices before midterms
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Trump to push US officials to use Defense Production Act to raise oil, fuel output, three sources say
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