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Iran crisis impacts global diesel supplies
The article discusses the impact of the war in Iran on diesel supplies worldwide. The conflicts in the region have led to the withdrawal of large quantities of diesel from global markets, surpassing the shortages caused by the Russia-Ukraine war. The Middle East lost approximately 770,000 barrels per day of diesel supplies between March and August 2026, more than double Russia’s losses of around 350,000 barrels per day during the same period. These disruptions have driven diesel prices to record highs, amid deteriorating global stockpiles and the effects of sanctions and attacks on Russian oil refineries. This has increased pressure on the international fuel market and reinforced expectations of continued rising prices and supply shortages, especially as stocks are depleted and Russian and Middle Eastern exports are approaching similar levels in volume.
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