US President Donald Trump has secured a deal with Vladimir Putin to “immediately release” diesel into the global market.
Mr Trump confirmed the agreement with the Russian President will allow the release of 300,000 tonnes of diesel immediately, followed by 500,000 tonnes in November and another million after that.
The deal, announced on Friday, is the latest effort from the US President to lower fuel prices for the country.
Mr spent months being faced with the political consequences of the Iran war, which began in February, and its impact on global energy prices.
Taking to his social media platform Truth Social, Mr Trump praised the deal and its impact on fuel prices for America and “the world”.
He posted: “I have just concluded a highly successful discussion with President Vladimir Putin, of Russia, wherein it was agreed that Russia will immediately supply over 300,000 Tons of Diesel Fuel to the American and Global Marketplace, another 500,000 Tons during the month of November, and 1,000,000 Tons immediately thereafter.
“Additionally, based on the condition of their Diesel Refineries, Russia will then deliver, within a short period of time, 3,000,000 Tons of Diesel Fuel.
“Between our TOTAL CONTROL of the Strait of Hormuz, and this great announcement on Russian Energy, Diesel Prices for Americans and, indeed, the World, will be COMING DOWN, IN RECORD NUMBERS, AND FAST!
Donald Trump and Vladimir Putin have secured a diesel deal
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“Lower prices for Americans, especially our Great Farmers, Ranchers, and Truckers, is my Greatest Priority.
“This is a very big and important announcement. Additionally, it must be understood, that Iran will not have a Nuclear Weapon! Thank you for your attention to this matter.”
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Mr Zelensky hit out at the deal, stating ‘gifts to Putin will not work for peace’
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