BREAKING: The first shipment of Russian diesel under the Trump-Putin deal is now heading to the US, officially ending a 4.5-year ban. A tanker carrying 40,000 metric tons of Russian diesel is expected to arrive in New York on Nov 7. It would be the first US import of Russian petroleum products since the 2022 ban. To allow the deal, the US Treasury issued a sanctions waiver on Russian diesel through Apr 7, 2027, while Moscow agreed to reopen exports. Trump said Russia would send an initial 300k tons to US and global markets, followed by 500k in Nov and 1M afterward. Meanwhile, US diesel prices are averaging ~$6.31/gallon, up 74% from $3.63 a year ago. The deal is part of Trump's efforts to bring down soaring diesel prices ahead of the Nov 3 US midterm elections. Brent crude is now above $115 a barrel and US crude above $100.