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Market Impact: 0.76
Global diesel prices hit record highs, further rises possible
Source: reuters.com
Energy Markets & PricesGeopolitics & WarCommodities & Raw MaterialsInflation
Diesel prices in Europe and the United States have surged to record highs as wars involving Iran and Ukraine sharply reduced exports from major producers including Russia, Saudi Arabia and the UAE. With limited alternative supply available, further diesel price gains could intensify transport-cost inflation and broader energy-market pressures.
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