The new oil crisis runs through diesel
- Publisher
- J.P. Morgan Private Bank
- Published
- 2026-10-20
- Type
- analysis
- Link
- https://privatebank.jpmorgan.com/nam/en/insights/markets-and-investing/ideas-and-insights/the-new-oil-crisis-runs-through-diesel
- Last checked
- 2026-10-26
- Rights
- reference only — we link and describe; we do not republish the text.
Cited in
-
Money and Conflicts of Interest
The largest oil supply disruption in history: what the Iran war did to the price of gas, diesel and everything shipped
Gasoline went from under $3 to $4.48 within ten weeks of the Iran war, diesel to $6.50, Brent peaked near $138, tanker hire rose from $65,000 to $1.6 million a day, and average gas prices under Trump now exceed Biden's.