Diesel squeeze set to last well into 2027 as Iran war disrupts supply, IEA says

Impact · against what's priced in

The outlook for Saudi Aramco is negative due to direct physical security threats to its infrastructure amid escalating regional conflict. While global diesel scarcity supports energy margins, the immediate risk of production derailment from Houthi attacks on company facilities outweighs broad market tightness.

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In context

Aramco's administrative building was targeted by Houthi attacks in Riyadh, which the IEA warns could derail the current market recovery and Saudi production increases.

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• geopolitics▲29%
• oil
• energy
• supply chain
• 2222.SR
• diesel
• gasoil
• iea
• middle east
• russia