Macro Finance
War Brings Winter of Discontent for the World’s Workhorse Fuel
Bloomberg Markets·August 8, 2026·1 min read
A diesel squeeze spurred by wars in the Middle East and Ukraine is setting the stage for an even worse crunch as demand rises ahead of the Northern Hemisphere winter. The workhorse fuel faces supply constraints from geopolitical conflicts, threatening higher prices and potential shortages during the peak heating season in colder regions.
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