Diesel prices have surged to record levels, driven by the ongoing conflict in Iran and Ukraine’s missile strikes on Russian refineries. The spike is already reshaping the entire supply chain, from trucking and shipping to manufacturing and consumer goods. Companies are scrambling to secure fuel contracts and explore alternative energy sources, while regulators warn of potential price volatility and shortages. The long‑term impact on global markets remains uncertain as geopolitical tensions persist.
The price of diesel has reached an all-time high, a result of the war in Iran and Ukraine's attacks on Russian refineries. That will matter across the supply chain.
