NewsDialy
Diesel, the fuel that moves most of the world's freight by truck and rail, has reached a record high price.
Ukraine has been striking Russian oil refineries, the facilities that convert crude oil into usable fuels, and the campaign has forced Moscow to ban diesel exports.
Fighting tied to the Iran war has knocked out refining capacity on a second front. Together, the two disruptions are feeding fresh inflation worries.
What the refinery strikes and export ban actually mean Crude oil comes out of the ground as a raw material. It cannot be burned in a diesel engine as-is.
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