{
  "id": 14468846,
  "title": "Diesel shortage to persist into 2027 as Iran war disrupts supply, IEA warns",
  "url": "https://urgent.news/2026/10/14/diesel-shortage-to-persist-into-2027-as-iran-war-disrupts-supply-iea",
  "topic": "world",
  "section": "World",
  "published": "2026-10-14T14:26:45.000Z",
  "source": {
    "name": "The National UAE",
    "slug": "the-national-uae",
    "url": "https://www.thenationalnews.com/business/energy/2026/10/14/diesel-shortage-to-persist-into-2027-as-iran-war-disrupts-supply-iea-warns/"
  },
  "original_language": "en",
  "account": "The International Energy Agency (IEA) warns that a diesel shortage caused by the Iran war will continue into 2027. Depleted inventories of gas oil, containing diesel and heating oil, are unlikely to recover until the second half of next year. The lack of Gulf refined-product exports, increased refinery output, and restricted Gulf export routes contribute to the shortage. Wholesale diesel prices have surged to record highs, with EU and US prices exceeding $200 per barrel. The shortage results from a 60% drop in Middle East and Russian exports, and damaged Russian refineries due to Ukrainian strikes. G7 leaders have pledged to accelerate the IEA's emergency stock release, but only 96 million barrels of the 400 million pledged have been released. The IEA expects refinery output to return to a seasonal surplus by early next year, but the recovery will not replenish depleted inventories. North Sea crude, a physical oil benchmark, is near $134 per barrel, while global observed oil inventories are 509 million barrels below prewar levels. The IEA has lowered its 2027 oil demand forecast by 630,000 bpd and global economic growth by 0.4 percentage points to 3%. Global oil consumption is forecast to rebound by two million bpd next year but remain 620,000 bpd below 2025 levels, with diesel accounting for about a quarter of the decline.",
  "summary": "The global diesel shortage triggered by the Iran war is set to persist well into next year, with depleted inventories unlikely to recover until the second half of 2027, the International Energy Agency warned on Wednesday. Supplies of gas oil, which contains diesel and heating oil, will fall short of demand in the fourth quarter, even as refineries increase output towards the yea's end, the…",
  "key_points": [
    "Diesel shortage due to Iran war will last into 2027",
    "Depleted inventories unlikely to recover until second half of next year",
    "Wholesale diesel prices surge to record highs above $200 per barrel"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The National Business",
        "title": "Diesel shortage to persist into 2027 as Iran war disrupts supply, IEA warns",
        "url": "https://urgent.news/2026/10/14/diesel-shortage-to-persist-into-2027-as-iran-war-disrupts-supply-iea-14472914",
        "published": "2026-10-14T14:26:45.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}