Trump’s Russian Diesel Deal Draws GOP Pushback: Rep. Brian Fitzpatrick Plans Bill to Block Russian Oil Purchases
10/11/2026
Impact: -50
Energy
Rep. Brian Fitzpatrick plans to introduce a bipartisan bill, the "Ronald Reagan Peace Through Strength Act," to block U.S. purchases of Russian oil, in response to President Trump's decision to ease restrictions on Russian diesel. Trump announced that Russia will supply over 300,000 tons of diesel to the U.S., with additional deliveries expected, which has led to a 4.33% drop in heating oil futures. Refining stocks, including PBF Energy, Marathon Petroleum, and Valero Energy, saw declines of 5.67%, 1.79%, and 2.26% respectively, as investors reacted to the potential increase in diesel supply.
AI summary, not financial advice
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