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Diesel prices kept rising on June 17, 2025 as Israel-Iran conflict raised concerns about Middle Eastern exports. The premium of European benchmark futures to crude breached $20 a barrel, and US diesel stockpiles were at their lowest for the season in two decades.
Persian Gulf product export risk and low US inventories tighten diesel supply, raising transport and fuel costs for feed mills and supporting energy-linked commodity prices.
ttnews.comJack WittelsJun 17, 2025After 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% over 20.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% 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.
Continued diesel gains on June 17 with European diesel premium over crude above $20 and very low US stocks added supply tightness.
Diesel kept rising on June 17 as the European premium to crude widened and US stocks were at two-decade seasonal lows, so the fundamentals amplified the geopolitical shock.
