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Crude Surges Past $100 as Middle East Turmoil Disrupts Supply
New York Times·IR · US · SA·about 8 hours ago
The Iran war has tightened global oil markets, with diesel facing the most severe supply disruptions due to refinery and logistics bottlenecks. Austria is particularly exposed due to its reliance on Russian diesel imports via pipelines, which are now at risk. The situation underscores a structural weakness in the global fuel supply system, with diesel prices likely to spike.