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ICE low-sulfur gasoil prices fell back below $700 per metric ton for the first time in a month as traders assessed a US peace proposal for Ukraine. Sanctions on Russian energy took effect November 21, including measures against Rosneft and Lukoil.
A peace deal could lead to lifting sanctions on Russian energy, which would increase supply and weigh on diesel and crude prices. Doubts about enforcement have limited the downside for now.
energyintel.comAuthors Kerry Preston, London Cristina Haus, New York Freddie Yap, Singapore Editor Cristina HausNov 26, 2025After 51 past bearish geopolitics events, ULSD / Diesel moved a median -2.4% over 5 sessions (37% higher; middle half -8.2% to +3.9%), and -2.3% over 20.
After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% 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.
ICE gasoil fell below $700/t as Ukraine peace proposal hopes reduced Russian supply disruption fears.
