Easing Sanctions On Russian Diesel Won’t Lower Fuel Costs

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“Diesel prices in the United States are hovering near record highs — and a deal President Trump announced last week to increase Russian fuel exports is unlikely to lower them significantly anytime soon,” the New York Times reports.“The amount of diesel Russia could supply under that agreement is much lower than what the country was exporting this time last year and constitutes a small proportion of the diesel supply the world has lost because of Mr. Trump’s war with Iran, energy analysts said. And it is not clear that Russia could even deliver all the fuel the president and Russian officials have promised.”