Iran War Drives Bigger Diesel Supply Loss Despite Trump’s Claims - Bloomberg.com
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Global diesel prices have hit unprecedented levels as the war with Iran intensifies. President Trump attributes the surge to the Russia-Ukraine conflict, contradicting analyses showing the Iran conflict drives larger fuel supply losses.
Iran War Drives Bigger Diesel Supply Loss Despite Trump’s Claims - Bloomberg
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Iran War Drives Bigger Diesel Supply Loss Despite Trump’s Claims
*A diesel fuel nozzle at a truck stop in Tracy, California.
Photographer: David Paul Morris/Bloomberg*
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By Charles Gorrivan, Prejula Prem, and Will Kubzansky
September 18, 2026 at 12:09 PM PDT
Diesel prices have never been higher. US President Donald Trump contends that’s not because of the war he started nearly seven months ago.
“The World’s Diesel price rise is mostly caused by the Russia/Ukraine War, not Iran,” Trump said in a social media post this week. He’s since reiterated the assertion.