More Republicans Oppose Trump’s Diesel Deal With Putin
According to CNBC, six Republican senators joined six Democrats in a Tuesday letter urging President Donald Trump to cancel an arrangement that would allow Russia to export 4.8 million metric tons, or nearly 36 million barrels, of diesel through mid-April. The lawmakers said the deal would not help Americans, would have little effect on fuel prices, and would provide revenues to the Kremlin that could support its war effort and deepen cooperation with China, Iran and North Korea. Republican Sens. Thom Tillis, Susan Collins, Alan Armstrong, Lisa Murkowski, Mitch McConnell and John Cornyn signed the letter, adding to earlier criticism from Collins, Murkowski, Tillis and Sen. John Curtis. Trump announced the deal after a call with Russian President Vladimir Putin and said it would quickly bring record-high diesel prices down, while oil analysts said the supply would not be enough to materially affect prices.
CL
+1.01%
BZ
-0.14%