Diesel and Jet Fuel Prices Jump as Hormuz Standoff Squeezes Refiners
Iran has laid out conditions for reopening the Strait of Hormuz, while President Trump says a decision on banning diesel exports is coming 'fast, one way or the other.'
Refiners already stretched thin by the Hormuz supply shock are now seeing jet fuel prices climb alongside diesel, and Washington is weighing an export ban that could tighten supply further.