Oil falls as Russia diesel supply prospects counter Gulf supply risks

US President Donald ⁠Trump said Russia had agreed to supply diesel to global markets, and his administration temporarily lifted US sanctions on ​Russian fuel designed to deprive Moscow of revenue for its war on Ukraine.

Oil prices fell on Tuesday and were on track ‌for their first decline in nearly a week, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia."Fresh diesel supply from Russia and steadier Saudi flows are ​offering some relief, yet the ​market still looks more ⁠worried about the risk of further hits to ships or pipelines in the Gulf than it is reassured by extra barrels," said Tim Waterer, chief analyst at ​KCM Trade.