# ULSD Futures Soar to 3-Year Highs as Iran War Drags

> NYMEX ULSD front-month futures peaked at $3.5755 per gallon, the highest since January 2023, and ICE gasoil reached its highest since October 2022. Refiners in Asia cut runs and cancelled exports as Strait of Hormuz tanker traffic stalled, removing roughly 5 million bpd of refined product supply.

- Date: 2026-03-05 · published 2026-03-05T12:00:00.000Z
- Category: geopolitics · region Global · magnitude high
- Page: https://feedsoft.ai/events/5529-ulsd-futures-soar-to-3-year-highs-as-iran-war-drags
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lost Middle East diesel and jet supply tightens global distillate markets and raises freight and fertilizer-related costs for feed producers, while energy strength supports biofuel feedstock prices.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲
- BRENT: bullish ▲
- DIESEL: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2026-03-06 | 1 | +2.8% | 3.2 | Diesel and gasoil futures hitting multi-year highs on 2026-03-05 raise biodiesel and renewable diesel economics, strengthening palm oil as an energy-linked vegetable oil on the day before the move. |
| BRENT | 2026-03-05 | 1 | +8.6% | 3.3 | Hormuz tanker stalls removing about 5 mbpd of refined product supply pushed ULSD to 3-year highs, reinforcing crude strength on March 5. |
| PALMOIL | 2026-03-08 | 5 | +6.5% | 3.4 | Diesel and gasoil futures hit multi-year highs on March 5, raising the biodiesel substitution appeal of palm oil and supporting prices. |
| BRENT | 2026-03-06 | 1 | +8.3% | 3.2 | Products tightness from stalled Hormuz tanker traffic, with ULSD at 3-year highs, reinforced crude strength heading into March 6. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2026-03-06 | [Iran war sends US crude futures up 12% a barrel \| Reuters](https://feedsoft.ai/events/5572-iran-war-sends-us-crude-futures-up-12-a-barrel-reuters.md) | +10.8% | +24.3% |
| DIESEL | 2024-03-25 | [Crude futures surge 7pc to new four-year high \| Latest Market News](https://feedsoft.ai/events/31381-crude-futures-surge-7pc-to-new-four-year-high-latest-market-news.md) | -0.9% | -3.5% |
| DIESEL | 2018-09-29 | [Brent hits 4-year high as U.S. sanctions on Iran tighten supply](https://feedsoft.ai/events/63234-brent-hits-4-year-high-as-u-s-sanctions-on-iran-tighten-supply.md) | +1.6% | -2.1% |
| DIESEL | 2026-03-02 | [Oil prices soar amid Strait of Hormuz fears as Iran war intensifies](https://feedsoft.ai/events/12016-oil-prices-soar-amid-strait-of-hormuz-fears-as-iran-war-intensifies.md) | +36.4% | +69.9% |
| DIESEL | 2025-06-17 | [Diesel Prices Surge as Israel-Iran War Pressures Market - TT](https://feedsoft.ai/events/8385-diesel-prices-surge-as-israel-iran-war-pressures-market-tt.md) | -4.0% | +0.6% |
| WTI | 2025-10-23 | [Soybean, corn futures touch 1-month highs as crude oil soars — TradingView News](https://feedsoft.ai/events/22424-soybean-corn-futures-touch-1-month-highs-as-crude-oil-soars-tradingview-news.md) | +3.3% | +1.6% |
| WTI | 2026-03-06 | [Iran war sends US crude futures up 12% a barrel \| Reuters](https://feedsoft.ai/events/5572-iran-war-sends-us-crude-futures-up-12-a-barrel-reuters.md) | +18.2% | +39.2% |
| WTI | 2024-03-25 | [Crude futures surge 7pc to new four-year high \| Latest Market News](https://feedsoft.ai/events/31381-crude-futures-surge-7pc-to-new-four-year-high-latest-market-news.md) | +4.1% | +3.2% |

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/world-policy/article/2026/03/05/ulsd-futures-soar-3-year-highs-iran

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