Russia is set to export diesel fuel to the United States, marking a significant development in addressing a global refining crisis. The first Russian tanker carrying 40,000 metric tons of diesel will depart on Thursday, as announced by Deputy Prime Minister Alexander Novak. This comes as part of a deal reached between President Trump and Moscow. Russia's Deputy Prime Minister confirmed that additional shipments will follow to meet US needs. President Trump indicated that Russia will export a total of 300,000 metric tons initially, with further substantial amounts planned. US special envoy Steve Witkoff met with President Putin to discuss these agreements and expressed gratitude for lifting export controls. Witkoff highlighted the benefit of these exports for American farmers and truckers impacted by the diesel crisis. President Putin confirmed that tankers are being prepared for immediate shipment, emphasizing the need for financial arrangements to be in place. He also mentioned Russia's capability to supply large quantities of fertilizers to the US. Global diesel prices saw a decrease of 5-6% following these announcements. The ongoing tensions in the Strait of Hormuz and threats to its flows continue to influence oil market prices. Despite the new diesel supply, experts warn that the refining crisis might persist into the following year, offering no immediate relief.