The IEA warned global diesel supplies are likely to remain tight into next year,
saying recent crude shipment recovery has not restored diesel availability
because Middle East refined-product exports remain slow. The agency said Q3
diesel supply fell about 1.7 mln bpd, citing a conflict involving Iran that
disrupted Strait of Hormuz shipments and Ukrainian attacks that forced output
cuts at Russian refineries. IEA data show global diesel exports averaged 4.7 mln
bpd in the first nine months of 2026, down 10% YoY, and combined net exports
from the Middle East and Russia in September fell by more than 60%; the IEA said
refinery runs, export capacity and regional logistics remain impaired by
geopolitical conflict.
