Diesel Crisis, Iran Sanctions Threaten Prolonged Global Fuel Squeeze

The world faces a deepening diesel crisis due to dwindling stored fuels and reduced refining capacity, with the Middle East war and US threats of "toughest sanctions" on Iran worsening the outlook. This fuel squeeze is projected to last for months, regardless of the war's immediate resolution, leading to significant adverse effects on the global economy. Such sustained energy market instability and geopolitical tension could bolster safe-haven demand for gold and potentially pressure the Pakistani Rupee due to higher import costs.

بحوالہ / Source: oilprice.com