Putin conveyed Iran war proposal to Trump, Kremlin says

U.S. President Donald Trump (R) greets Russian President Vladimir Putin upon his arrival at Joint Base Elmendorf-Richardson August 15, 2025 in Anchorage, Alaska.

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Russian President Vladimir Putin told US President Donald Trump about Tehran’s vision for a possible end to the war in Iran, Russian state media reported on Saturday.

The report comes a day after Trump said Russia would supply diesel to the global market amid rising energy prices caused by the wars in Iran and Ukraine.

Russia’s Interfax news agency quoted Kremlin spokesman Dmitry Peskov as saying Putin sent the message to Trump “in agreement with Iranian President Masoud Pezeshkian,” according to a Google translation.

Other Russian media outlets reported that Putin spoke to Trump by phone after the Russian leader met with Pezeshkian on the sidelines of a summit in Turkmenistan.

Interfax did not provide details on how Iran views an end to the war – which began on February 28 with US and Israeli airstrikes on Iranian targets.

The White House did not immediately respond to CNBC’s emailed request to confirm the reported conversation between Putin and Trump.

Supply agreement with Russia

Trump said Friday that Russia would supply more than 4 million tons of diesel to the global market under a deal the U.S. president said he agreed with Putin in a phone call.

Russia will immediately supply more than 300,000 tons of diesel, followed by 500,000 tons in November and a million tons immediately after, Trump said in an article on Truth Social. Moscow will then deliver an additional 3 million tons of diesel, depending on the condition of Russian refineries, Trump said.

The Treasury Department temporarily lifted sanctions on Russian diesel until April 2027 under a general license issued Friday.

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Brent crude oil prices, in US dollars per barrel, year-to-date

Iran has stepped up attacks on oil tankers transiting the Strait of Hormuz, with vessels coming under almost daily fire as Tehran attempts to stifle a resumption of crude exports.

A senior official of Iran’s Revolutionary Guards said Wednesday that Iran would block all “illicit routes” passing through Hormuz, according to the Fars news agency, an outlet considered close to the Revolutionary Guards.

The surge in attacks on oil tankers comes as Middle East crude exports rebounded in September to pre-war levels, largely because the U.S. military escorted ships passing Hormuz along the coast of Oman.

An interim agreement signed in June between the United States and Iran aimed at suspending hostilities to allow negotiations quickly collapsed.

“Gifts to Putin”

Ukrainian President Volodymyr Zelensky immediately condemned the diesel deal between Trump and Putin. The Ukrainian leader warned that easing sanctions without a commitment from Russia to de-escalate the war would only prolong it.

“Gifts to Putin will not bring peace or any benefit to the civilized world,” Zelensky said on social media. “Russia will ‘pay back’ for diesel with more terror and perfidy. Allowing Russia to sell oil products is an investment in a war that must be ended, not prolonged.”

Diesel prices have soared around the world as Ukraine hit Russian refineries, forcing Moscow to ban diesel exports to global markets. Iran and its Houthi allies have also attacked refineries in the Middle East, further limiting fuel supplies.

Trump is under increasing political pressure to lower fuel prices ahead of the November midterm elections. Republicans face competitive elections in conservative strongholds like Iowa, where farmers are bearing the brunt of high diesel prices.

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