Britain funds the compressed diesel market between Moscow and Washington
The article discusses the current crisis in the diesel market in Britain, which has worsened due to multiple factors, including Russia's ban on diesel exports until the end of October. This reduces supply and causes prices to rise, with the price per liter surpassing 2 pounds at some stations—the highest level in the country's history. Additionally, a roughly 20% decline in the number of British refineries and decreased refining capacity deepen the crisis, as Britain relies heavily on importing diesel—about 55%—making its market vulnerable to external shocks. Furthermore, U.S. President Trump’s hint at imposing export restrictions on diesel adds further pressure to the global market, although the decision has not yet been implemented. Ultimately, transportation costs have increased, pushing up prices of goods and services in the country. The crisis underscores that ongoing disruptions in energy supply and shipping threaten the stability of the diesel market and harm the British economy, which is heavily dependent on fuel imports.
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