CommoditiesMedium•12 October 2026•
1 min read
Trump Declares Energy Ceasefire with Russia to Secure Diesel Supplies
Key Facts
1President Trump declared an 'energy ceasefire' between Russia and Ukraine on Truth Social.
2Oil prices eased on Monday following news of a deal for Russia to supply diesel ahead of the midterm elections.
President Donald Trump declared an "energy ceasefire" between Russia and Ukraine via the Truth Social platform. CNBC reported that the US President secured a deal for 4.8 million tons of Russian diesel in an effort to mitigate rising energy costs.
Oil prices eased on Monday, October 12, 2026, following news of the diesel supply agreement ahead of the congressional midterm elections. This geopolitical move aims to lower domestic prices, though analysts expressed doubt regarding the long-term relief such a deal would provide to global markets.