U.S. Diesel Refining Economics Remain Strong Despite Iran War Truce
The U.S. diesel futures crack spread reached a three-week high due to persistent supply tightness, despite progress in ending the conflict with Iran and reopening the Strait of Hormuz. Analysts attribute this resilience to ongoing geopolitical risks and reduced Russian fuel exports.
Topics: Diesel refining economics Iran war truce Strait of Hormuz blockade U.S. crude oil market