EconomyIran or Ukraine: Which war has had the bigger impact on diesel prices?
Both conflicts have cut diesel exports, but the data show a larger supply decline in Gulf countries because of the war involving Iran. Trump blamed Ukraine’s attacks on Russian refineries for reduced exports and rising prices; the report says the US-Iran war disrupted refined-diesel shipments through the Strait of Hormuz, while the Russia-Ukraine conflict added further pressure.
Iran or Ukraine: Which war has had the bigger impact on diesel prices?
Economy