The Powers That Be: Daily
The Powers That Be: Daily

Oct 15, 2026 · 25 min

Trump’s Russia oil deal may strengthen Moscow, not lower prices

Is Trump Abandoning Ukraine?

The arrangement could reshape pressure on Russia while doing little for U.S. consumers, exposing a widening conflict between Trump’s claims and the deal’s likely effects.

3 key takeaways
  1. 1Ukraine’s attacks on Russian energy infrastructure are creating shortages and pressure inside Russia’s war economy.
  2. 2Russian oil has a limited role in U.S. imports, while global pricing weakens the case for cheaper American gasoline.
  3. 3Bipartisan senators call the arrangement a gift to Moscow, highlighting Trump’s continued support despite broad opposition to Putin.

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The sharpest exchange comes when a bipartisan Senate letter labels Trump’s oil arrangement a gift to Russia and a betrayal of U.S. allies.

The brief

Julia Ioffe opens by linking rising energy costs to Trump’s refusal to own the consequences of his policies toward Russia, Ukraine, and Iran.

Ukraine’s strikes on Russian refineries and fuel infrastructure are producing shortages, while mixed reporting on U.S. intelligence sharing complicates the picture of its strategy.

The central argument is economic: Russian oil plays a limited role in U.S. imports, and global pricing makes a dramatic drop in American gas prices unlikely.

Russia’s European energy market has shrunk sharply since the war began, leaving Moscow to redirect exports even as the United States considers a new arrangement.

A bipartisan Senate letter calls the deal a gift to Russia and a betrayal of allies, while Ioffe and Hamby examine Trump’s continued affinity for authoritarian displays of strength.

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