Tensions with Iran are affecting energy markets, causing oil prices to rise. A crisis initially sparked by a blockade of the Strait of Hormuz is evolving into a fuel supply crisis. Refineries face challenges due to war and export restrictions, limiting their ability to produce gasoline, jet fuel, and diesel.

The diesel refining margin, a key indicator of refining profitability, reached a record high of $102 per barrel. This represents a nearly threefold increase from pre-war levels. Further details on the situation and its impact on global economies are available from the source.