🇺🇸🇷🇺 Trump's Russian diesel deal is FALLING APART before the fuel even reaches the U.S.
Weeks before the midterms, Trump struck an agreement with Putin to import Russian diesel and bring down prices at the pump.
Now 2 of the first 3 tankers headed for the U.S. have turned around.
One is signaling Brazil, the other is drifting off the coast of Algeria with no confirmed buyer.
The third is due in New York this weekend, but New Jersey's governor has warned port operators to turn away any tanker carrying Russian diesel or face penalties.
Analysts at Kpler say it could divert too, with U.S. buyers wary of the regulatory and sanctions risk.
Meanwhile, U.S. diesel inventories just fell below 100 million barrels for the first time in over 20 years, and pump prices sit at $6.27 a gallon, near September's record.
The deal was supposed to win votes. It didn't, and now it can't even deliver the diesel.
Source: FT
Weeks before the midterms, Trump struck an agreement with Putin to import Russian diesel and bring down prices at the pump.
Now 2 of the first 3 tankers headed for the U.S. have turned around.
One is signaling Brazil, the other is drifting off the coast of Algeria with no confirmed buyer.
The third is due in New York this weekend, but New Jersey's governor has warned port operators to turn away any tanker carrying Russian diesel or face penalties.
Analysts at Kpler say it could divert too, with U.S. buyers wary of the regulatory and sanctions risk.
Meanwhile, U.S. diesel inventories just fell below 100 million barrels for the first time in over 20 years, and pump prices sit at $6.27 a gallon, near September's record.
The deal was supposed to win votes. It didn't, and now it can't even deliver the diesel.
Source: FT
