Global Diesel Supply Falls 52% As Gulf Exports Decline, Strait of Hormuz Disruptions Raise Fuel Shortage Fears And Shipping Costs Surge
17 The global diesel market is facing mounting supply pressure as the US-Iran conflict disrupts refined fuel shipments across the Persian Gulf. Although crude oil movements through the Strait of Hormuz have partially recovered, diesel exports have yet to rebound at the same pace, leaving international energy markets vulnerable to shortages and elevated prices. Gulf…
