As the midterm elections approach, U.S. diesel prices remain near record highs, putting political pressure on President Trump in farm states such as Iowa and Kansas. According to the EIA, diesel rose nearly 10 cents per gallon in the latest week to an average of 6.28 dollars a gallon, and nearly 80% of Americans in a Reuters/Ipsos poll held Trump responsible for rising prices. Trump signed an executive order allowing dyed diesel on highways, announced an 8 billion dollar farm aid package, and pressed European allies to release emergency reserves, but the IRS only temporarily waived reporting requirements and penalties without removing the federal tax, leaving truck stops unclear on compliance. Government farm payments are expected to exceed 47 billion dollars this year, and the new package would lift total aid to a record 55.4 billion dollars, above 45 billion in 2020. The White House blamed high prices on longstanding problems such as refinery closures and the Russia-Ukraine conflict, while a pollster quoted in the article doubted the measures would bring any real short-term benefit.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá dầu có thể gây hiểm hoạ chính trị, Tổng thống Trump càng gỡ càng rối
Keywords
oil pricesfuel pricesDonald Trumpmidterm elections
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VNINDEX
▼ Likely negativeRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/23/2026 | 1,774.15 |
| Change that session | +0.77% |
XAU/USD
▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/23/2026 | 3,995.78 |
| Change that session | -0.72% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- On October 22, Russia Officially Delivers Good News to the US
Russian Deputy Prime Minister Alexander Novak said a vessel carrying about 40,000 tons of diesel will depart today, October 22, for the US, though he did not name the port; Putin said further shipments would follow. The shipment is the latest step in a US–Russia energy arrangement announced by Trump on 9/10, which envisaged more than 300,000 tons immediately, 500,000 tons in November and one million tons afterward. The first cargo equals only about 13% of the initial tranche, though Moscow says more cargoes are being prepared. Diesel retail prices in the US have stayed above $6 per gallon since September, pressuring transport and agriculture ahead of the 3/11 midterm elections, and Washington hopes returning Russian supply will cool the market. Ukraine and some Western allies have objected, fearing the deal will give Moscow more energy revenue while fighting continues.
- Trump turns to Russian diesel ahead of midterms, but analysts see little price relief
President Trump announced a deal for Russia to release 300,000 metric tons of diesel immediately, followed by 500,000 tons in November and 1 million tons after that, with another 3 million tons to come depending on the condition of Russia's refineries. Diesel hit a record average of $6.5276 a gallon in late September according to AAA, and 84% of registered voters say the economy is very important to their vote ahead of the midterms. Jefferies said the volumes are unlikely to make a substantial difference, while Lombard Odier cautioned that announced shipments are not equivalent to delivered supply. Former IEA oil division head Neil Atkinson called the source of the volumes a mystery and said the impact would be almost nil, as the US uses 3.7 million barrels of diesel a day against 29 million for the world. Quantum Strategy expects the deal to fail economically and sees it as an invitation for Putin to escalate gray-zone warfare in Europe.
- Republican Ashley Hinson Breaks With Trump on Putin Diesel Deal
Republican Ashley Hinson broke with President Donald Trump over his diesel deal with Russia, saying she would tell him it was a “bad idea” ahead of his rally in Sioux City, Iowa. She is in a tight race with Democrat Josh Turek for the open Senate seat of retiring Senator Joni Ernst, and Turek's campaign accused her of trying to “rewrite her record” after she voted seven times to continue U.S. involvement in the Iran war. Recent polls show the race is close: YouGov gave Turek 47% to Hinson's 46%, and Marist gave Turek 48% to 45%. Trump announced the deal to help lower fuel prices, which remain high at a national average of $4.27 per gallon for gas and $6.30 per gallon for diesel, and Republican lawmakers also objected to it.
- Cost of Living, Immigration Overshadow US Midterms as Trump's Approval Sinks
Trump's approval has fallen to a record low of 31% in a Reuters/Ipsos poll, while cost of living and immigration dominate the November 3 midterm campaign. Half of respondents in the poll named living costs as the most important factor in their vote, and AAA data put average gasoline at $4.28, up $1.20 from a year earlier. Republicans unilaterally passed a $70 billion bill to fund ICE and Border Patrol for the rest of Trump's term, and federal agents searched Rep. Ilhan Omar's Washington home. Democrats need four more seats to take control of both chambers of Congress.
- US midterms : Iran war and cost of living put Trump foreign policy under pressure
Foreign policy is playing an outsized role in the November 3 midterms, largely because of President Trump's war against Iran and its effect on living costs. Since the war began on February 28, petrol prices have risen nearly 50 per cent and diesel about two-thirds. Recent polling gives Democrats more than an 85 per cent chance of winning the House, while winning the Senate would require four seats, including at least two in states Trump carried by double digits in 2024. A Chicago Council survey found 86 per cent of Americans think the war hurt the cost of living, and 68 per cent say it was not worth fighting. Trump's approval hit a record low of 31 per cent in a Reuters/Ipsos poll, and 65 per cent of adults in an AP-NORC survey say higher prices are the result of his policies.
- Trump hits his favorite insane talking points at weekend rallies
President Donald Trump rallied in Dalton, Georgia, on Friday and Highland Heights, Kentucky, on Saturday, repeating familiar lines on topics including his makeup and a spelling joke about 'dumb,' which the author calls nonsensical. Georgia Sen. Jon Ossoff described the speech as 'senile babbling.' The author argues Trump would help Republicans more by staying out of the final weeks of the midterm campaign so candidates can define their own races. The column says Trump dismisses voter concerns about inflation, corruption and the cost of gas and groceries as hoaxes.
Related markets
Latest news
- Tanker carrying 43,000 tonnes of Russian oil sends very good news to US
A tanker carrying nearly 43,000 tonnes of ultra-low sulphur diesel left Russia's Primorsk port on October 22 and has repeatedly signalled New York as its destination, with arrival expected on November 7. If completed, it would be the first Russian refined fuel cargo to reach the US since imports nearly stopped after the Ukraine conflict began in 2022, though the signalled destination could change. The shipment comes about two weeks after Trump and Putin agreed to return Russian diesel to international markets, as Washington seeks more supply before the November 3 midterm elections amid rising fuel prices. The US Treasury granted a special licence allowing Russian diesel into the country until April next year, and Trump said Russia would release over 300,000 tonnes immediately, about 500,000 tonnes in November and 2 million tonnes later. Critics, including some lawmakers, argue the deal could give Moscow extra revenue during the Ukraine war and question whether the released volumes are large enough to significantly lower fuel prices.
- European and Middle Eastern foreign ministers urge restraint at Istanbul talks
Foreign ministers from the UK, France, Germany, Italy, Turkey, Saudi Arabia, Pakistan and Egypt met in Istanbul on Friday and urged restraint amid fears of renewed US-Israeli strikes on Iran and Houthi attacks on Saudi Arabia. Turkish Foreign Minister Hakan Fidan said military intervention was not a solution, and the ministers agreed to tell all parties that diplomacy must prevail. The group will meet regularly to address a lasting resolution of Iran's actions and to ensure freedom of navigation in Hormuz, the Red Sea and the Black Sea, where suspected Russian drone attacks have struck ships near Bulgaria and Romania. The US and Israel have reportedly discussed a major new military operation against Iran, though President Donald Trump said he would not strike again before the November 3 midterm elections. Iran has vowed a wider response to any new attack, while the US continues its military blockade of Iranian seaports.
- Google project in Finland halted after 250 , 000 trees were cut for AI data centers before environmental review
Finnish regulator LVV has ordered Google's subsidiary Tuike Finland Oy to halt major preparatory work at its Muhos and Otanmäki AI data centre sites until environmental impact assessments are completed. Roughly 330 hectares of forest were cleared at Muhos, where about 250,000 trees were felled, and nearly 200 hectares were logged at Otanmäki before the assessments were finished. Google apologized, said it "fell short of our own high standards", and proposed biodiversity measures including replanting about 130 hectares at Muhos. Residents and environmental groups cite muddy runoff and lasting ecological damage, and a petition for stricter data centre rules has gathered more than 93,000 signatures.
- Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet
Franklin Templeton added about $150 million worth of shares in its tokenized money market fund, sgBENJI, to the XRP Ledger, and all the new shares went to a single wallet. That wallet now holds nearly 193 million shares, up from about 48 million, worth roughly $200 million at the $1.039 share price recorded in the transactions. The wallet and Franklin's issuing account share the same eight signing addresses, and Franklin can approve, freeze or recover the fund's tokens on the network. It is unclear whether the wallet represents one investor or several clients, and as of Saturday morning Asia time Franklin had not responded to CoinDesk's questions. RWA.xyz ranks Franklin second among tokenized asset platforms on the XRP Ledger, behind Ripple's RLUSD stablecoin.
- Vietnam's production plant ranked world's second largest, featuring ultra-modern technology
The Sóc Sơn waste-to-energy plant in Hanoi began construction in August 2019, started receiving waste in May 2022, and was inaugurated in October 2025. With a daily intake capacity of 5,000 tons and power output of 90 MW/hour, it is described as the largest in Vietnam, the world's second largest after the Shenzhen plant in China, and the largest in Southeast Asia. The plant uses Belgian Waterleau mechanical grate incinerator technology, and heat from burning waste produces steam that drives turbines to generate electricity fed into the national grid. Under its environmental permit, the plant must halt relevant discharges if pollution, noise or vibration exceed limits, and must continuously transmit wastewater monitoring data to Hanoi's environmental authority. The article notes Hanoi generates about 7,600 tons of household waste daily and has buried over 30 million tons since 1999.
- Prime Minister Le Minh Hung requests at least a 30% further cut in public investment projects, concentrating capital on key projects with wide-reaching impact
Prime Minister Le Minh Hung said that in this term, the Central Government requires cutting public investment projects by at least 30% further, after the previous term saw about 5,000 projects nationwide, to concentrate resources on projects with broad impact. Investment efficiency should be assessed across the full project lifecycle, covering social benefits and contributions to infrastructure, living standards and social security, with priority for poverty reduction, support for ethnic minority and disadvantaged areas, national defense and security, health, education and culture. The draft amended public investment law proposes dropping the separate investment policy approval step for Group C projects, which made up over 60% of projects in the recent period, and integrating those contents into the investment decision step, while Group A, Group B and nationally important projects would still require that step. The Prime Minister also stressed the leading role of the central budget and that simplifying procedures must go hand in hand with strict control.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.