Trump's deal with Putin is collapsing. No one wants to buy Russian oil.

Donald Trump aimed to reduce diesel prices through a deal with Vladimir Putin for nearly five million tons of diesel. However, three tankers carrying the fuel face a lack of buyers due to legal concerns and potential sanctions. Despite a temporary license from the U.S. Treasury, traders are hesitant to engage in the deal, fearing repercussions from existing laws prohibiting Russian energy imports. Critics, including Senator Richard Blumenthal, argue that unloading the cargo would be illegal. Meanwhile, Trump is under pressure from rising diesel prices ahead of the upcoming elections, but the deal's impact on the market is expected to be limited.