War-driven supply shocks threaten global diesel market ahead of winter

Europe is bracing for a severe winter diesel shortage as conflicts in the Middle East and Ukraine constrain global supplies and drive up prices, threatening significant regional inflation.   Disruptions in the Strait of Hormuz, damage to Arabian Gulf refineries, and Ukrainian strikes on Russian facilities have restricted regions that accounted for a third of […] The post War-driven supply shocks threaten global diesel market ahead of winter first appeared on Dailynewsegypt.