Ukraine drone strikes ignite global diesel squeeze as Russia cuts exports
TL;DR Summary
Ukraine's drone strikes on Russian refineries have damaged oil infrastructure and driven Moscow to curb exports, triggering a global diesel price surge—including U.S. prices above $5/gal—and prompting fuel rationing and shifts to imports (e.g., from India) as sectors from agriculture to logistics feel the disruption.
- Russia roils global market for diesel after Ukraine attacks Axios
- Russian pensioners dying in queues for fuel The Telegraph
- Fuel crisis, attacks in Azov Sea tighten squeeze on Russian farmers Reuters
- Russia Struggles to Sell All the Oil It's Being Forced to Export Bloomberg.com
- Russian Refinery Runs Plunge to Lowest in More Than Two Decades Bloomberg.com
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