The diesel crunch is set to persist well into 2027 as supply remains limited by the Middle East conflict and the damaged Russian refineries, analysts say. Attempts at transient small supply-side solutions like the Trump-Putin diesel deal are not expected to move the needle in the very tight global market. Until refineries in the Middle East, damaged by Iranian strikes, return to full operations, oil product flows through the Strait of Hormuz recover, and Russia’s diesel exports rebound, the world’s supply of diesel will remain below…
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