Brent nears $94 as US squeeze on Iran lifts oil for a second week
Why it matters: Fading hopes for a quick Strait of Hormuz reopening are pushing diesel prices and refinery margins sharply higher.
Bloomberg, The Business Times (Singapore) +1
Subject
#Diesel
Singapore, Australia lock in essential goods flow under trade pact
Why it matters: The deal targets diesel and LNG trade and sets consultation rules during supply-chain disruptions.
Brent tops $92 as US-Iran strikes and tanker reroutes rattle oil
Why it matters: Saudi crude tankers turned back in the Red Sea, raising shipping costs as US gasoline hit $4.06 and diesel jumped to $5.13.
US gas tops $4 a gallon again as Iran war drives diesel above $5
Why it matters: Higher diesel costs are spreading beyond drivers, raising freight and airline surcharges and threatening broader inflation.
Oil jumps to 1-month high as US-Iran attacks disrupt Hormuz flows
What's new: Brent settled at $84.73 and WTI at $79.34 after renewed strikes and tanker attacks raised inflation and diesel-supply fears.
Russia halts diesel exports through July 31 after refinery strikes
Why it matters: European diesel margins hit a record $60.17 a barrel as shortages spread across parts of Russia.
Russia weighs diesel export ban as Ukraine strikes squeeze fuel
Why it matters: shortages have spread across Russian regions, with Crimea cutting transport hours and limiting fuel sales.