{
  "id": 8296298,
  "title": "Iran War Drives Bigger Diesel Supply Loss Despite Trump’s Claims",
  "url": "https://urgent.news/2026/09/18/iran-war-drives-bigger-diesel-supply-loss-despite-trumps-claims",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T19:28:38.000Z",
  "source": {
    "name": "Live Mint",
    "slug": "live-mint",
    "url": "https://www.livemint.com/news/us-news/iran-war-drives-bigger-diesel-supply-loss-despite-trump-s-claims-11789759718718.html"
  },
  "original_language": "en",
  "account": "Diesel prices have surged to record highs, but US President Donald Trump insists the surge is not due to the war he initiated seven months ago. \"The World’s Diesel price rise is mostly caused by the Russia/Ukraine War, not Iran,\" Trump claimed on social media. However, estimates from energy analytics firms suggest that the Iran war has removed more diesel supply from the market than the Russia-Ukraine conflict. From March to August, losses from the Middle East averaged about 770,000 barrels a day, compared to roughly 350,000 barrels lost from Russia during the same period. The global energy market has been disrupted by the Iran conflict, with supply in the Strait of Hormuz being curtailed more heavily for oil products, including diesel. The impact on diesel supply from the Ukraine conflict has also grown, with Russian oil refineries being targeted, leading to a 615,000 barrels a day drop in shipments in July and August. While crude barrels are returning to Hormuz, diesel shipments are more heavily restricted. The loss of Russian supplies occurred later in the Iran war, when stockpiles were already low, leaving little room for the blow. Experts note that while Iran's impact is larger in volume, the margin has been pushed to a historically tight level due to the combined effects of both conflicts.",
  "summary": "Diesel prices have never been higher. US President Donald Trump contends that’s not because of the war he started nearly seven months ago.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}