Trump's diesel deal with Russia is unlikely to significantly lower global fuel prices despite expectations of rapid relief

With or without a deal with Russia, diesel prices on global markets are unlikely to fall significantly anytime soon. That is the assessment of experts interviewed by DW regarding the latest fuel-supply agreement between US President Donald Trump and Russian President Vladimir Putin . "The main reason for high diesel prices is the war in Iran and the simultaneous disruption of shipping through the Strait of Hormuz and the Bab al-Mandeb Strait," said Samina Sultan, a foreign trade expert at the German Economic Institute (IW) in Cologne. The situation has led to production outages and made fuel shipments "more expensive, less secure and more difficult," she said.