German Chancellor Friedrich Merz says Germany and the EU won’t follow Trump’s lead on Russian diesel, calls for tougher sanctions against Moscow

Published 13 Oct 2026, 00:14 UTC. Updated 13 Oct 2026, 00:14 UTC.

German Chancellor Friedrich Merz says Germany and the EU won’t follow Trump’s lead on Russian diesel, calls for tougher sanctions against Moscow Meduza

Directly affected

No company is named in this report.

Indirectly affected

LMT Lockheed Martin
Defense contractors get more work when conflict spending rises
RTX RTX
Defense contractors get more work when conflict spending rises
NOC Northrop Grumman
Defense contractors get more work when conflict spending rises
XLE Energy Select Sector SPDR
Energy prices move when Russian supply is at risk
GD General Dynamics
Defense contractors get more work when conflict spending rises
ITA iShares U.S. Aerospace & Defense
A fund of aerospace and defense companies
USO United States Oil Fund
This fund moves with oil prices
XOM Exxon Mobil
Oil producers move when sanctioned barrels leave the market
WEAT Teucrium Wheat
Wheat prices rise when Black Sea grain is disrupted
MOS Mosaic
Fertilizer makers move with Russian supply

Price reaction, T-5 to T+3

Ticker	T-5	T-3	T-1	T0	T+1	T+2	T+3
LMT	-0.61%	-2.04%	—	+0.48%	-1.13%	+2.44%	+4.55%
RTX	—	—	—	—	—	—	—
NOC	-1.00%	-1.50%	—	+0.86%	+0.11%	+3.08%	+3.81%
XLE	—	—	—	—	—	—	—
GD	+0.12%	-1.46%	—	+1.14%	+0.35%	+0.99%	+1.70%
ITA	+0.06%	-1.47%	—	-0.28%	-1.26%	-1.17%	+0.09%
USO	—	—	—	—	—	—	—
XOM	—	—	—	—	—	—	—
WEAT	—	—	—	—	—	—	—
MOS	+13.61%	+6.56%	—	+0.59%	+2.35%	+1.44%	+1.12%

German Chancellor Friedrich Merz says Germany and the EU won’t follow Trump’s lead on Russian diesel, calls for tougher sanctions against Moscow Meduza

Source: Meduza

The price since 13 Oct 2026: United States Gasoline Fund (UGA) versus the S&P 500

Since the first closing price after “German Chancellor Friedrich Merz says Germany and the EU won’t follow Trump’s lead on Russian diesel, calls for tougher sanctions against Moscow,” United States Gasoline Fund (UGA) is -1.79%. The S&P 500 fund (SPY) is -0.40% over the same days, a -1.40% difference versus the market.

Company	When	Move	Status
GD	that day	+1.14%	final price
GD	the next day	+0.35%	final price
GD	two days later	+0.99%	final price
GD	three days later	+1.70%	final price
GD	three days earlier	-1.46%	final price
GD	five days earlier	+0.12%	final price
ITA	that day	-0.28%	final price
ITA	the next day	-1.26%	final price
ITA	two days later	-1.17%	final price
ITA	three days later	+0.09%	final price
ITA	three days earlier	-1.47%	final price
ITA	five days earlier	+0.06%	final price
LMT	that day	+0.48%	final price
LMT	the next day	-1.13%	final price
LMT	two days later	+2.44%	final price
LMT	three days later	+4.55%	final price
LMT	three days earlier	-2.04%	final price
LMT	five days earlier	-0.61%	final price
MOS	that day	+0.59%	final price
MOS	the next day	+2.35%	final price
MOS	two days later	+1.44%	final price
MOS	three days later	+1.12%	final price
MOS	three days earlier	+6.56%	final price
MOS	five days earlier	+13.61%	final price
NOC	that day	+0.86%	final price
NOC	the next day	+0.11%	final price
NOC	two days later	+3.08%	final price
NOC	three days later	+3.81%	final price
NOC	three days earlier	-1.50%	final price
NOC	five days earlier	-1.00%	final price

UGA

SPY

Who gains and who loses around United States Gasoline Fund (UGA)

Companies carried with this story

UGA United States Gasoline Fund
In “German Chancellor Friedrich Merz says Germany and the EU won’t follow Trump’s lead on Russian diesel, calls for tougher sanctions against Moscow,” United States Gasoline Fund (UGA) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations
GSG iShares S&P GSCI Commodity-Indexed Trust
In “German Chancellor Friedrich Merz says Germany and the EU won’t follow Trump’s lead on Russian diesel, calls for tougher sanctions against Moscow,” iShares S&P GSCI Commodity-Indexed Trust (GSG) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations
DBA Invesco Db Agriculture Fund
For “German Chancellor Friedrich Merz says Germany and the EU won’t follow Trump’s lead on Russian diesel, calls for tougher sanctions against Moscow,” Invesco Db Agriculture Fund (DBA) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations
MOO Vaneck Etf Trust
For “German Chancellor Friedrich Merz says Germany and the EU won’t follow Trump’s lead on Russian diesel, calls for tougher sanctions against Moscow,” Vaneck Etf Trust (MOO) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations
XME Spdr Series Trust
In “German Chancellor Friedrich Merz says Germany and the EU won’t follow Trump’s lead on Russian diesel, calls for tougher sanctions against Moscow,” Spdr Series Trust (XME) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations
XLY Select Sector Spdr Tr
In “German Chancellor Friedrich Merz says Germany and the EU won’t follow Trump’s lead on Russian diesel, calls for tougher sanctions against Moscow,” Select Sector Spdr Tr (XLY) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations
IWM Ishares Tr
Ishares Tr (IWM) is linked, with no stored direction, medium confidence in the 13 Oct 2026 story “German Chancellor Friedrich Merz says Germany and the EU won’t follow Trump’s lead on Russian diesel, calls for tougher sanctions against Moscow.” Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations
HYG Ishares Tr
For “German Chancellor Friedrich Merz says Germany and the EU won’t follow Trump’s lead on Russian diesel, calls for tougher sanctions against Moscow,” Ishares Tr (HYG) is linked, with no stored direction, medium confidence. Reason on file: Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

United States Gasoline Fund (UGA)

On 13 Oct 2026, “German Chancellor Friedrich Merz says Germany and the EU won’t follow Trump’s lead on Russian diesel, calls for tougher sanctions against Moscow” is the story that connects United States Gasoline Fund (UGA) to this story.

United States Gasoline Fund (UGA) is on the page because Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

Also listed, iShares S&P GSCI Commodity-Indexed Trust (GSG): Higher fuel and transport costs can propagate into commodity inputs, consumer margins, credit conditions, and interest-rate expectations

Price levels for United States Gasoline Fund (UGA)

DBA traded between 27.85 and 28.86 across 20 sessions. The latest close on file is 28.19. GSG traded between 35.09 and 37.22 across 10 sessions. The latest close on file is 37.04. UGA traded between 140.00 and 152.81 across 20 sessions. The latest close on file is 143.49.

A simple score for United States Gasoline Fund (UGA)

46 out of 100

“German Chancellor Friedrich Merz says Germany and the EU won’t follow Trump’s lead on Russian diesel, calls for tougher sanctions against Moscow” scores 46 out of 100. The score uses 1 sources, and 9 linked companies.