U.S. President Donald Trump announced an arrangement to bring Russian diesel to American and global markets after a Friday telephone call with Russian President Vladimir Putin. Trump said the supplies would rapidly lower fuel prices, while Ukrainian President Volodymyr Zelensky called allowing Russian petroleum sales an investment in a war that should end.

Reports differed on whether Trump announced the arrangement on Friday or Saturday, October 10. Putin said Russia was ready to supply oil and petroleum products, but the reports did not specify whether he confirmed Trump’s specific diesel volumes and delivery schedule.

Temporary license opens the way for sales

The U.S. Treasury issued a temporary license allowing transactions involving the sale and import of Russian diesel. The authorization runs through April 2027, according to a report.

Trump predicted that diesel prices would fall quickly at record rates. He said lower prices for American farmers, livestock producers and truck drivers were a priority.

Whether deliveries have begun and what Russia would receive in return remain unclear. The BBC asked the White House about what Russia would receive under the arrangement.

Zelensky objects as Ukraine talks continue

The leaders’ call covered global energy markets, Ukraine, Iran and bilateral cooperation. Putin said Russian oil entering the American market would benefit the global economy.

The Kremlin said the presidents agreed to maintain personal contacts and cooperation between their institutions and intelligence services. Putin’s envoy Kirill Dmitriev also welcomed the arrangement, saying energy cooperation would benefit the world.

Zelensky said allowing Russia to sell petroleum products amounted to an investment in a war that should end. He said benefits offered to Putin would not bring peace.

Trump had blamed Ukrainian attacks on Russian energy facilities for higher fuel prices. Zelensky said those attacks responded to Russian strikes on Ukraine’s energy infrastructure and would stop if Russia stopped destroying it.

Separately, the news agency SadaNews reported that U.S.-Ukraine talks on a settlement with Russia resumed in Florida on Friday and Saturday. Europeans were invited to those discussions.

Analysts differ on likely price effects

Tim Armitage, an investment strategist at Quilter Cheviot, questioned the initial supply’s likely impact. He estimated the first delivery at about 2.25 million barrels, compared with U.S. daily consumption of about 3.8 million barrels. He said it would not materially change American pump prices.

Energy experts interviewed by a Brazilian news outlet offered a broader assessment. They said additional Russian supplies could ease global price pressure and give Brazil more purchasing options. They cautioned that the benefits would depend on implementation and how quickly the diesel reached markets.