Topic

Refinery damage keeps fuel costly

4h

Oil flows through the Strait of Hormuz increased, but tight diesel supplies and damaged refineries kept fuel prices elevated worldwide, with transport and refining costs driving markets.

Reposted by Dean Baker

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mideast oil exports versus avg. diesel prices in 2026
October 6, 2026 at 8:17 PM
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Reposted by Jože P. Damijan

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Reposted by Jože P. Damijan

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54%

Reposted by Rafael Doménech

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A senior Kpler analyst offers this explanation for the rise in oil exports at high prices: Gulf countries may be paying Iran to allow their oil through – potentially handing Tehran a significant portion of the value of the cargo. aje.news/vb7a13
Is Iran charging a toll to allow oil traffic through Hormuz?
Crude exports bypassing Hormuz surged in September, yet oil prices remain high. Could a secret fee be the reason?
aje.news
October 5, 2026 at 4:25 PM

Reposted by Peter Matanle

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Diesel price has spiked because of the war on Iran.
Ukraine destroying Russian oil refining infrastructure increases the global supply of crude oil (making it cheaper) because Russia has to export the oil it otherwise would've refined into diesel/gasoline for domestic consumption.
October 5, 2026 at 11:43 PM
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