Blames Soaring Diesel Prices on Russia-Ukraine War

Says Iran Is "Desperate for a Deal...Open to Negotiations"

U.S. President Donald Trump claimed on the 14th (local time) that Russia and Ukraine have agreed not to attack each other's energy facilities. He attributed the recent record-high diesel prices to the war in Ukraine rather than the war involving Iran, while also leaving the door open for negotiations with Iran.


U.S. President Donald Trump. The White House

U.S. President Donald Trump. The White House

View original image

President Trump stated on the social networking service Truth Social that "Ukraine has agreed not to attack Russia's energy facilities, and Russia, in turn, has agreed to do the same." However, it is unclear whether the Russian and Ukrainian governments have actually reached an agreement, or which specific targets and timeframe the deal would cover.


He further emphasized, "The rise in global diesel prices is due not to Iran, but primarily to the war between Russia and Ukraine."


President Trump also revealed that, during his recent visit to Ireland, he called on Ukrainian President Volodymyr Zelensky to halt attacks on Russia’s diesel-related facilities.


At that time, he asserted that global diesel shortages were being caused by Ukrainian air strikes, stating that "this is due to events occurring between Russia and Ukraine, not in the Middle East."


Ukraine has been focusing drone and other attacks on Russian oil refineries to weaken Russia’s war financing and fuel supply chains. As disruptions hit the refining operations of Russia—a major diesel exporter—and supply instability stemming from the Middle East conflict persisted, U.S. diesel prices have recently soared to a record high of over $6 per gallon.


President Trump also mentioned the possibility of negotiations with Iran. He stated, "Iran, a failing country, desperately and urgently wants a deal," and added, "Whether the United States will enter negotiations is up to me, but I am open to the idea of negotiations."



This statement is being interpreted as an attempt, ahead of the upcoming midterm elections in November, to attribute the sharp increase in diesel prices—which has a direct impact on the cost of living—to the war in Ukraine. At the same time, by highlighting that Iran is seeking a settlement, he delivered a message that Middle East-driven supply instability and international oil prices may soon calm down.


This content was produced with the assistance of AI translation services.

© The Asia Business Daily. All rights reserved. Unauthorized AI training and use prohibited.

Today’s Briefing