New European Union sanctions targeting Russia’s oil industry will reshuffle global diesel flows for the second time since 2022, adding pressure to an
already red-hot market.
Diesel prices have proven surprisingly resilient so far this year. U.S. President Donald Trump’s sweeping tariff announcement in April sparked concerns that global economic and trade activity was about to decelerate sharply. But these fears failed to materialize after Trump rowed back many of these threats and
engaged in trade negotiations.
EU Russia sanctions add fuel to red-hot global diesel market
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