Global diesel supply crunch to persist into 2027 on Middle East, Russia refinery outages

Analysts project the global diesel shortage will extend into 2027, driven by Middle East refinery damage from Iranian strikes and reduced Russian diesel exports. Small-scale supply fixes, such as the Trump-Putin diesel deal, are insufficient to rebalance the tight market. Recovery depends on full restoration of Middle East refineries, Strait of Hormuz flows, and Russian export rebound.

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