President Trump waived US sanctions and tariffs on Russian oil and gas last Friday to bring down pump prices before the midterms. However, BNP Paribas told Reuters the measures have not yet impacted retail fuel prices, and The New York Times reported the deal is unlikely to offset costs inflated by Ukrainian attacks on refineries. Separately, Trump stated he is negotiating with Vladimir Putin on Ukraine and described the support provided by Russia and China to Iran during the February war as minimal.
Tuesday, October 20, 2026
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Russian Diesel Resumes Shipments under US Sanctions Waiver
Commodities12 hours ago
Shipping data showed Russian diesel resuming shipments to its usual destinations on Tuesday after the lifting of an export ban. This movement follows claims from US Energy Secretary Wright on Monday that no Russian diesel had been released yet under a government deal to boost supplies. Brent crude fell 0.45% to $109.06 a barrel on Tuesday after hitting a peak of $110.70 the day prior, its highest close since May 20, as traders balanced the prospect of Russian supply against the risks of Houthi attacks and the war in Iran.
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