
US pump prices surged as the Iran war disrupted shipping through the Strait of Hormuz. Diesel rose even more sharply than gasoline, with global inventories still tight after a prolonged winter and limited refining capacity.
Persistent diesel strength raises logistics costs for feed delivery and supports energy-linked vegetable oil prices.
After 250 past bullish geopolitics events, DIESEL moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% over 20.
After 626 past bullish geopolitics events, WTI moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.