ADNOC chief Sultan Al Jaber said some markets now have less diesel than at any time in 35 years at this time of year. Shipping in the Strait of Hormuz almost stopped at the end of February, and since then the world has used almost a billion barrels of oil from databases. Shipping prices have also gone up. Before the crisis it represented less than 5% of the price of the barrel, now it represents more than 30%. Therefore, the exchange price of oil is no longer a good indicator of how much fuel actually costs: the buyer is paying more and more to get it at all. Diesel was the worst because the gulf sold a lot of finished fuel to the world, not just crude oil. These shipments are still less than half of pre-war levels. The rest of the plants are working on the edge and pushing back repairs, but this can't go on forever. In the spring they will be stopped en masse, and again there will be less fuel. Winter is starting, because in Europe they also use diesel to heat their homes. Even if the strait opens tomorrow, it is unlikely that supplies will be restored before the second half of 2027. Inventory softens the blow of any failure. While they were there, the market almost imperceptibly experienced factory accidents and tanker delays, and now every little thing is immediately reflected in the price. Diesel powers trucks, tractors and trains, which makes food, transport and almost everything else more expensive. It will be felt most strongly in Europe and Southeast Asia, where their fuel is scarce. In such a situation, it is more profitable for Russia to sell diesel abroad. However, its factories suffer from drone attacks, and in the south of the country gasoline and diesel are already sold for no more than 30-60 liters per car.

ADNOC chief Sultan Al Jaber said some markets now have less diesel than at any time in 35 years at this time of year. Shipping in the Strait of Hormuz almost stopped at the end of February, and since then the world has used almost a billion barrels of oil from databases. Shipping prices have also gone up. Before the crisis it represented less than 5% of the price of the barrel, now it represents more than 30%. Therefore, the exchange price of oil is no longer a good indicator of how much fuel actually costs: the buyer is paying more and more to get it at all. Diesel was the worst because the gulf sold a lot of finished fuel to the world, not just crude oil. These shipments are still less than half of pre-war levels. The rest of the plants are working on the edge and pushing back repairs, but this can't go on forever. In the spring they will be stopped en masse, and again there will be less fuel. Winter is starting, because in Europe they also use diesel to heat their homes. Even if the strait opens tomorrow, it is unlikely that supplies will be restored before the second half of 2027. Inventory softens the blow of any failure. While they were there, the market almost imperceptibly experienced factory accidents and tanker delays, and now every little thing is immediately reflected in the price. Diesel powers trucks, tractors and trains, which makes food, transport and almost everything else more expensive. It will be felt most strongly in Europe and Southeast Asia, where their fuel is scarce. In such a situation, it is more profitable for Russia to sell diesel abroad. However, its factories suffer from drone attacks, and in the south of the country gasoline and diesel are already sold for no more than 30-60 liters per car.