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The Odessa

ELAM: Bond yields and diesel soar

ELAM: Bond yields and diesel soar
Photo: Odessa American (oaoa.com) · view original

Depending on the source, diesel fuel prices have risen 70-125% since the start of the Iran war. Prior to the Iran War, the Mideast exported about 19% of the world’s diesel fuel. North America was next with a 15% share and Russia trailed with 11%. Due to the contraction of Hormuz Strait traffic, d...

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