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Novak Explained the Shortage of Diesel on the World Market as Sanctions, Attacks on the NPP and the Closure of the Ormuz

Summary by Interfax.ru
The deficit in the world market for diesel fuel was the result of a policy of sanctions, attacks on refineries and the closure of the Strait of Ormuz, and reported to journalists by the Russian Vice-Premier Alexander Novak at the Federation Council.

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The deficit in the world market for diesel fuel was the result of a policy of sanctions, attacks on refineries and the closure of the Strait of Ormuz, and reported to journalists by the Russian Vice-Premier Alexander Novak at the Federation Council.

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The world's diesel fuel deficit has led to a record increase in its prices, announced Russia's vice-premier Alexander Novak. The world diesel market faced a deficit due to the closure of the Ormuz Strait and the ban on exports from Russia, TASS writes. "The market today is scarce. Today it affects world prices. The world market's record prices, specifically for diesel," said Novak. He noted that diesel prices beat record in Europe and the United…

The global diesel fuel shortage caused by the closure of the Strait of Hormuz, sanctions restrictions, and attacks on oil refining infrastructure has caused the price of this fuel to rise to record levels.

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vz.ru broke the news on Friday, October 2, 2026.
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