Trump's Russian Diesel Snag

It's Benzinga, bringing Wall Street to Main Street. President Trump's plan to import Russian diesel to lower U.S. fuel prices has stalled, as tankers carrying the fuel have diverted from American ports, according to the Wall Street Journal. Three Russian diesel tankers initially bound for the U.S. have diverted, while a fourth remains near the East Coast with its destination unconfirmed. U.S. oil companies are reluctant to accept the shipments over potential legal and reputational consequences. Oil lobbyists said companies feared congressional investigations into Russian diesel transactions following Democrats' midterm election victories. No Russian diesel has entered the U.S. since April 2022. The Kremlin didn't respond to the journal's request for comment. In an article published Tuesday in a Russian newspaper, Russian Foreign Minister Sergei Sergei Lavrov praised the diesel deal as a contribution to energy security. U.S. diesel prices reached $6.16 per gallon Tuesday, up from $3.75 before the Middle East conflict. For all things money, visit Benzinga.com.