Treasury Secretary Defends Russia Diesel Deal

US Treasury Secretary Scott Bessent defended the Trump administration's proposed diesel supply deal with Russia, stating Washington would use all legal powers to implement the arrangement.

Bess, rejecting suggestions that existing or recently enacted legislation would prevent the administration from proceeding with the arrangement, called those who question it 'wrong.'

President Donald Trump announced the arrangement on Friday following a phone conversation with Russian President Vladimir Putin, stating Russia would supply diesel to the US and global markets in several instalments.

Russia announced it had eased its ban on diesel exports with immediate effect following the agreement, according to a statement by Russian Deputy Prime Minister Alexander Novak.

The arrangement has raised questions about how the administration will proceed alongside US legislation targeting Russia's energy revenues, though the precise legal authority remains unclear.

Trump argued that the additional diesel supplies, combined with US control of the Strait of Hormuz, would bring down fuel prices for Americans and global consumers.