Diesel shock widens as Russia cuts exports, lifting global fuel prices
TL;DR Summary
Russia’s ban on diesel exports tightens global supplies, pushing European diesel prices to multi-year highs even as crude falls, and threatening inflation and affordability for motorists, farmers and manufacturers; the disruption is worsened by Ukraine strikes on refineries and renewed Gulf shipping tensions, with risks of shortages spreading to other regions if inventories remain low.
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- How Ukraine’s drones brought war home to 50mn Russians Financial Times
- Russia bans oil exports as Ukraine strikes cause fuel shortages France 24
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