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00:02President Trump's plan to import Russian diesel to lower U.S. fuel prices has stalled
00:08as tankers carrying the fuel have diverted from American ports, according to the Wall Street Journal.
00:14Three Russian diesel tankers initially bound for the U.S. have diverted,
00:18while a fourth remains near the East Coast with its destination unconfirmed.
00:22U.S. oil companies are reluctant to accept the shipments over potential legal and reputational
00:28consequences. Oil lobbyists said companies feared congressional investigations into Russian
00:33diesel transactions following Democrats' midterm election victories. No Russian diesel has entered
00:39the U.S. since April 2022. The Kremlin didn't respond to the journal's request for comment.
00:45In an article published Tuesday in a Russian newspaper, Russian Foreign Minister Sergei Lavrov
00:51praised the diesel deal as a contribution to energy security. U.S. diesel prices reached $6.3,
00:5816 cents per gallon Tuesday, up from $3.75 before the Middle East conflict.
01:04For all things money, visit Benzinga.com.
