A 12,000-Mile Journey Shows the World’s Scramble for Diesel

The Iran war has driven fuel prices sharply higher, forcing oil traders to reroute cargoes along much longer, economically inefficient voyages. Expect higher shipping costs, longer delivery times and increased volatility in energy and commodities logistics that will pressure refinery and freight margins and complicate supply chains.

Analysis

The Iran war has driven fuel prices sharply higher, forcing oil traders to reroute cargoes along much longer, economically inefficient voyages. Expect higher shipping costs, longer delivery times and increased volatility in energy and commodities logistics that will pressure refinery and freight margins and complicate supply chains.