Russia has extended its ban on diesel exports by fuel producers until the end of October, adding further pressure to global energy markets already facing supply disruptions linked to ongoing conflicts and geopolitical tensions.
The move comes amid growing concerns over worldwide fuel shortages and a sharp rise in prices, particularly in the United States, where diesel prices have surged to unprecedented levels, exceeding $6.50 per gallon. Supply constraints linked to the wars in Iran and Ukraine have contributed to the pressure, creating additional challenges for US President Donald Trump ahead of the midterm congressional elections.
