A Malta-flagged tanker carrying Russian diesel is heading for New York after the fuel deal between US President Donald Trump and Russian President Vladimir Putin, Reuters reported in an exclusive on 23 October, citing LSEG shipping data. Two weeks earlier, the US Treasury temporarily waived sanctions on Russian diesel.

The tanker is due in the US on 7 November, four days after Americans vote in the midterms. So the first US-bound cargo cannot reach American pumps before the election. Energy analysts also doubt the deal will lower diesel prices meaningfully. US fuel prices rose mainly because the war with Iran disrupted shipping through the Strait of Hormuz. Trump, however, has blamed Ukraine’s strikes on Russian refineries.

Loaded on the day Moscow promised

The medium-sized tanker Agioi Fanendes took on 40,000 metric tons of ultra-low sulfur diesel at the Baltic port of Primorsk on 22 October, shipping data showed. In March, Ukraine’s General Staff said its drones hit the Transneft oil terminal at that same port.

A day before the loading, Russian Deputy Prime Minister Alexander Novak announced that the first tanker would sail for the US on 22 October. He pledged more shipments and said Russia would meet US needs within its capabilities.

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Russia resumes diesel exports to Türkiye, Brazil, after Trump lifts sanctions on fuel supplies, boosting Moscow’s war revenue – Reuters

From a pledge to a partial lift

On 9 October, Trump wrote that Russia would immediately supply over 300,000 tons of diesel “to the American and Global Marketplace.” Another 500,000 tons would follow in November, then 1 million tons “immediately thereafter.”

Moscow had banned diesel exports on 8 July, after Ukrainian drone strikes shut down refineries and caused fuel shortages inside Russia. The Russian government stated on 10 October that it had partially lifted the ban, clearing 500,000 tons for the world market at this stage. Russian diesel shipments to Türkiye and Brazil have since resumed, boosting Moscow’s war revenue.

Trump has made other moves to cut diesel prices before the vote, Reuters reported. He waived parts of a new sanctions law against Russia. He also threatened Europe with a US diesel export ban unless countries released more fuel from their emergency reserves.

Donald Trump loves to put his name on things, and when it comes to the recent burst of inflation, it’s totally deserved. Trump and Republican politicians are doing their best to try to make a simple story complicated. But there is no doubt that Trump is the lead and almost sole author of the inflation […]

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US President Donald Trump wrote in a Truth Social post on 18 October that he did not want to “drive, foolishly, Russia away from the bargaining table.” He also wrote: “Signing that document at this time will do that, and I can sign it later, or any time that I want!”

Trump was referring to sanctions and tariffs under the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, which he waived in an executive order on 16 October, days before the measures were due to take effect. The waiver suspends additional economic penalties intended to pressure Moscow over its war against Ukraine, while leaving earlier US sanctions in place. The decision came weeks before the 3 November midterms, in which Republicans are defending slim majorities in both chambers, and analysts said the penalties could have pushed up oil prices for Americans already paying more, largely because of the US-Israeli war with Iran, Reuters reported.

Trump says Zelenskyy could have made a better deal two years ago

A week before the waiver, Trump had announced a deal for Russia to increase diesel supplies to global markets. The Treasury also issued a license, valid until 7 April 2027, permitting certain transactions in Russian-origin diesel.

In the Truth Social post, Trump accused Ukrainian President Volodymyr Zelenskyy of targeting Russian diesel refineries, saying the strikes were “seriously hurting the world diesel markets, including those in the United States.” Kyiv had paused its refinery strikes for three days at Washington’s request after Trump declared an energy ceasefire on 11 October, which Russia never confirmed, then resumed them. Since then, Russia has struck Ukraine’s energy sector 76 times, Zelenskyy said on 18 October.

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Kyiv gets no warning of the first of two Russian ballistic waves, hours after Zelenskyy said US alerts were back

Trump wrote that Zelenskyy “doesn’t want to end this war, and probably never did,” and that he “could have made a better deal two years ago than he can now.”

“His country is in shambles, a large portion of his land is lost, his oceans and seas are gone, and his male population is low, wounded, and/or dead,” Trump added.

He also said Russia was “doing very little, if anything, to help” Iran and that he wanted to keep it that way.

A day earlier, Trump said he had not made a final decision

On 17 October, Trump told reporters at Mar-a-Lago that he had not announced his final decision. “A lot of you don’t know what my decision is yet, but we’ll figure it out, and you’ll figure it out,” he said, Reuters reported.

“I think the president wants to take the 60-day period of time to sort of analyze what imposing both sanctions and tariffs will mean to the global economy and even to the US economy,” US Secretary of State Marco Rubio told reporters before departing for Uzbekistan the same day.

Zelenskyy calls the waiver a pity as Republicans split

Zelenskyy called it a “pity” that Trump had waived sanctions under a law named for the late Senator Lindsey Graham, who “really believed in Ukraine.” He said he hoped Trump would change his decisions, NBC News reported.

Discussing the diesel deal on NBC’s Meet the Press, Zelenskyy said US oil prices had risen because shipping through the Strait of Hormuz was blocked, not because of Ukraine.

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A month before the diesel waiver, Trump’s envoys had already pitched Kyiv on Russian gas, NYT says

On 17 October, Zelenskyy told journalists that “the decision to undo all of this, to block all of it, seems wrong to me” and that it “definitely helps only the Russians.” His remarks appeared in Ukrainian on his official Telegram channel.

“Sanctions relief will continue. I think the diesel deal and the move regarding the Lindsey Graham Act are not the end of it. Unfortunately,” Zelenskyy said.

On 19 October, Zelenskyy wrote that partners had again given no warning of Russia’s overnight ballistic attack and that blocking missiles for Ukraine’s air defense while Russia gets sanctions eased or postponed amounts to partners denying reality.

Republican Senator James Lankford defended Trump’s decision on NBC’s Meet the Press, saying the president was “choosing the American people first.”

Senator Darline Graham, Lindsey Graham’s sister, whom Trump has endorsed for a full term, said at a campaign stop on 17 October that she would “choose to keep the pressure on Russia.”

“I don’t trust Putin and I don’t trust Russia,” Darline Graham said.

She did not directly criticize Trump but said she would not have made that choice, Reuters reported.

TOKYO — An unwelcome blast of US inflation is blowing across Asia’s markets. September’s hotter-than-expected price data revived concerns that the Federal Reserve will keep rates higher for longer, threatening fresh pressure on currencies, capital flows and economic growth across the region.

Last month’s 3.7% year-on-year increase in consumer prices didn’t just exceed forecasts. It ensured the Fed is on an even bigger collision course with both the bond market and US President Donald Trump’s White House. It’s arguably the last thing both Trump and US Federal Reserve Chairman Kevin Warsh wanted to see less than three weeks ahead of the mid-term elections.

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On a recent episode of the Bulwark podcast, journalist Ron Brownstein described the election as a contest between “the wave versus the wall.” The wave being voter anger and President Donald Trump’s plummeting popularity. The wall being structural impediments to voters’ voices, such as gerrymanders and the Republican Party’s stark spending advantage. Now we know […]

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The Ukrainian government on Tuesday night said that its access to the SpaceX-owned Starlink satellite internet service was throttled, prompting critics to question the wisdom of depending on any company owned by far-right billionaire Elon Musk. According to a Wednesday report in The New York Times, Ukrainian officials suspect that orders to restrict their access […]

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With a month still to go before America’s mid-term congressional and gubernatorial elections, the prospect of a “blue wave” of Democratic success in the House of Representatives, the Senate and in many governorships is looking increasingly likely. But whether that forecast holds true or not, one important aspect has already become clear. It is that […]

The post Plainly, Trump doesn’t really care about the midterms appeared first on Asia Times.

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“Keep our city out of your reckless war talk,” said San Diego’s mayor, Todd Gloria, Monday night after President Donald Trump’s rambling speech at a rally in Nebraska included a particularly violent mention of the California city. Gloria was among several Democratic political leaders who were incensed after Trump – moments after predicted the Republican […]

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