EconomyIran and Ukraine wars: Why ship fuel is running short, and why it matters

Reduced crude supplies and refiners’ preference for more profitable diesel are tightening the market for ship fuel. Disrupted routes through the Strait of Hormuz and the Red Sea, along with Ukrainian attacks on Russian refineries, have further constrained supplies, potentially raising global freight costs and affecting consumers and manufacturers.

ship fuelglobal tradeStrait of HormuzIran warUkraine war

AAl Jazeera★★★★☆2026-09-07 11:26Original