The conflict involving Iran appears to have had a greater impact on diesel supply than the war in Ukraine, according to data comparing the effect of the two conflicts on exports.
Both wars have contributed to a reduction in the amount of diesel being exported. However, the figures indicate that more diesel has been lost from the Middle East than from the areas affected by the war in Ukraine.
The comparison focuses on how disruptions linked to each conflict have affected diesel availability and prices. Reduced exports can place pressure on supply, making developments in both regions relevant to diesel markets.
The data does not suggest that the war in Ukraine has had no effect. Rather, it indicates that the reduction in diesel exports from the Middle East has been larger, making the conflict involving Iran the more significant of the two factors examined.
The latest comparison therefore points to the Middle East as the main source of the lost diesel supply associated with these conflicts, although both continue to affect exports and the wider price picture.
