The Iran war has severely impacted global oil refining, causing diesel and gasoline prices to remain elevated. Refined product prices have surged significantly, unlike crude oil benchmarks. Disruptions have depleted fuel stockpiles, creating a substantial shortfall in global production. This situation suggests a prolonged period of energy-driven inflation for consumers and businesses. The global energy crisis impacting economies is only just beginning.

Iran war disrupts global energy supply. US-Iran deal funding by 2026 at 18.5% YES, uranium enrichment cap at 9.5% YES, and enrichment moratorium at 8.5% YES.

The Iran war has severely impacted global oil refining, causing diesel and gasoline prices to remain elevated. Refined product prices have surged significantly, unlike crude oil…