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Trump urges Zelenskyy to halt Russian refinery strikes over diesel concerns

Financial Times Markets •
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Donald Trump pressed Ukrainian President Volodymyr Zelenskyy during a Sunday call to stop Kyiv's drone and missile strikes on Russian refineries, citing concerns that the attacks worsen a global diesel shortage and drive up prices. Trump repeatedly emphasized 'diesel, diesel... diesel' in the conversation, urging Zelenskyy to order Ukrainian forces to cease attacks so Russian oil supplies could reach global markets. The call followed Ukraine's largest-ever drone attack on Moscow, which set a major oil refinery ablaze, killing two people and injuring 20 others.

Zelenskyy described the conversation as 'important' and suggested his upcoming meeting with Trump at the UN General Assembly 'could change a lot' amid diplomatic momentum. Meanwhile, US diesel prices hit a record $6.51 a gallon, up over 70% since February, sparking fears of inflation and prompting Republican lawmakers to propose export bans as farmers face soaring fuel costs during harvest season.