# Russia, Strait of Hormuz combining to drive diesel higher after declines - FreightWaves

> FreightWaves reports that the DOE/EIA weekly retail diesel average rose 21.8 cents to $4.796 a gallon, ending nine straight weekly declines. ULSD futures climbed more than 20% in six trading days to $3.8236 a gallon as Strait of Hormuz traffic slowed sharply.

- Date: 2026-07-14 · published 2026-07-14T12:00:00.000Z
- Category: geopolitics · region US · magnitude medium
- Page: https://feedsoft.ai/events/12185-russia-strait-of-hormuz-combining-to-drive-diesel-higher-after-declines
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The end of the decline and the rise in ULSD futures suggest retail diesel will keep climbing, which feeds into fuel surcharges and trucking rates for feed deliveries. Hormuz disruption also keeps crude risk premiums elevated.

## Read by commodity

- BRENT: bullish ▲
- DIESEL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DIESEL | 2026-07-13 | 1 | +6.6% | 3.0 | ULSD futures rose over 20% in six sessions as Hormuz traffic slowed and Russia's ban hit, describing the driver of the rally including the July 13 move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2023-12-26 | [After dropping for 8 weeks, benchmark diesel price turns higher - FreightWaves](https://feedsoft.ai/events/32875-after-dropping-for-8-weeks-benchmark-diesel-price-turns-higher-freightwaves.md) | -3.9% | +1.5% |
| DIESEL | 2026-02-24 | [For 7th straight week, benchmark diesel price is higher - FreightWaves](https://feedsoft.ai/events/20775-for-7th-straight-week-benchmark-diesel-price-is-higher-freightwaves.md) | +8.7% | +52.0% |
| DIESEL | 2026-03-03 | [Diesel futures and retail prices power higher, outstripping gains in crude - FreightWaves](https://feedsoft.ai/events/5533-diesel-futures-and-retail-prices-power-higher-outstripping-gains-in-crude.md) | +17.7% | +50.3% |
| DIESEL | 2023-01-17 | [DOE/EIA price drops; diesel futures up ahead of EU ban on Russian imports - FreightWaves](https://feedsoft.ai/events/37965-doe-eia-price-drops-diesel-futures-up-ahead-of-eu-ban-on-russian-imports.md) | +8.6% | -11.9% |
| DIESEL | 2019-09-22 | [Diesel and Detroit disruptions hit trucking hard and fast - FreightWaves](https://feedsoft.ai/events/57269-diesel-and-detroit-disruptions-hit-trucking-hard-and-fast-freightwaves.md) | -2.4% | -2.0% |
| BRENT | 2023-12-26 | [After dropping for 8 weeks, benchmark diesel price turns higher - FreightWaves](https://feedsoft.ai/events/32875-after-dropping-for-8-weeks-benchmark-diesel-price-turns-higher-freightwaves.md) | -4.5% | +1.4% |
| BRENT | 2017-05-26 | [OPEC cut unlikely to move U.S. diesel prices - FreightWaves](https://feedsoft.ai/events/71182-opec-cut-unlikely-to-move-u-s-diesel-prices-freightwaves.md) | -2.9% | -13.5% |
| BRENT | 2026-07-30 | [Strait of Hormuz and drone threats to global shipping](https://feedsoft.ai/events/16801-strait-of-hormuz-and-drone-threats-to-global-shipping.md) | -8.4% | +5.7% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/russia-strait-of-hormuz-combining-to-drive-diesel-higher-after-declines

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.