Agreement Between Russia and Ukraine Not to Target Energy Facilities
The consensus reached between the two countries affected expectations regarding global energy markets and fuel prices.
US President Donald Trump announced that Russia and Ukraine have mutually agreed not to target each other's energy facilities.
Social Media Statement from Trump
US President Donald Trump shared the official statement on his social media account.
Mutually Accepted Conditions
The statement noted that Ukraine agreed not to strike Russian energy targets and that Russia made the same commitment.
Impact of the War on Global Markets
It was stated that the main reason behind the rise in global diesel prices is not Iran, but largely the ongoing Russia-Ukraine War.
Record Diesel Prices in the US
The average price of diesel in the US had exceeded $6 per gallon for the first time last week due to supply constraints.
Current Fuel Data
According to American Automobile Association data, the average price of diesel in the US stands at a record level of $6.23 per gallon.