Trump-Putin diesel export deal and Russia's partial lifting of its export ban

⏱️ Timeline

1. 10 Oct 2026, 08:06 US President Donald Trump announced an agreement with Russian President Vladimir Putin to provide more than 300,000 tons of diesel immediately, followed by 500,000 tons in November and additional quantities later, accompanied by General License No. 135 issued by the Office of Foreign Assets Control at the US Treasury Department. A Lebanon Debate report examined whether this would be reflected in mazut prices in Lebanon.
2. 10 Oct 2026, 13:57 US wholesale diesel prices fell, particularly at the New York port, by about 4.5% to $4.67 per gallon, after the announcement of the agreement between Trump and Putin to resume the flow of Russian diesel to global markets. The agreement includes supplying 300,000 tons immediately, followed by 500,000 tons in November, then an additional 1 million tons, plus 3 million tons linked to the state of Russian refineries, amid analysts' warnings.
3. 10 Oct 2026, 21:36 Russia announced a partial lifting of the ban imposed on diesel exports, in implementation of the agreement reached by Presidents Vladimir Putin and Donald Trump. Trump had announced that Russia would supply 500,000 tons of diesel to the world.

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