1. European Diesel Futures Surge Past $1,500 as Global Scramble Intensifies Amid Hormuz Closure
The global scramble for fuel has escalated into a frantic competition, with European diesel futures surging past $1,500 a ton—the highest level since 2022—as the prolonged closure of the Strait of Hormuz tightens supply. Analysts describe the market as 'wild,' with the acute shortage in Asia pulling barrels from across...