US EditionOverseas Conflict Between Israel and Iran Causes Diesel Prices to Climb in Canada
MIDDLE EAST, JUN 17 – The Israel-Iran conflict has caused disruptions in key oil and gas infrastructures and shipping routes, pushing Brent crude prices over 10% higher and tightening global diesel supplies.
- Diesel prices have risen sharply across Canada, with Nova Scotia increasing over 6 cents per litre and New Brunswick over 7 cents several days earlier.
- The Israel-Iran conflict, which began last Friday and escalated last week with Israeli airstrikes and Iranian missile responses, is driving concerns about Middle Eastern diesel supply disruptions.
- This tension affects the Strait of Hormuz, responsible for nearly 20% of global oil trade, where Iranian control and a recent tanker collision heightened market nervousness despite low assessed risk of blockade.
- Petroleum analyst Patrick De Haan noted inventories of distillates are about 20% below the five-year average, causing diesel prices to climb to highest levels with expected further hikes of 10 to 20 cents per litre.
- Rising diesel costs increase operational expenses for truckers and producers, contributing to broader price increases and signalling ongoing supply challenges amid unresolved conflict and tightening markets.
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36 Articles
With the war in Israel and Iran oil skyrocketed in June. Fuels were left behind by up to 18% and private oil companies want increases in quotas to recover that percentage.
From Saturday, the wholesale price of 95-grade gasoline will be 8 forints higher, and the wholesale price of diesel will be 9 forints higher, writes Holtankoljak.hu. According to the professional portal, fuel prices will rise again due to the Iranian-Israeli war conflict. Yesterday, diesel also increased by 9 forints, while at that time the wholesale price of gasoline was only 4 forints higher. At the beginning of June, a liter of gasoline cost …
The price of fuel puts an end this week to its downward trend after the increases experienced both by diesel and gasoline in a context marked by the latent conflict between Israel and Iran, which has pushed the price of oil. According to the oil bulletin, the average price of the liter of gasoline has increased by 0.41% compared to last week, and is set at 1,463 euros with which it returns to levels of early May.The diesel, for its part, which s…
South Africa: Cosatu Urges Swift Action By Government to Stave Off a Pending July Fuel Hike
Press Release - The Congress of South African Trade Unions (COSATU) urges swift action by government to stave off a pending July fuel price hike. International oil prices have skyrocketed by 10% over the past week with Israel's latest assault on peace in the Middle East with its brutal attacks on Iran. This is likely to see an increase in petrol prices across the world and be a painful blow to millions of South African workers and commuters alre…
Warning light for all diesel vehicle owners in South Africa
The latest official data suggests that bad news lies ahead for South Africa’s motorists in July 2025, especially for diesel vehicle owners. Vehicle owners in South Africa saw a sizeable decrease in the cost of both petrol and diesel earlier this month and early signs were that there was even more good news ahead next month. However, that picture radically changed after Israel attacked Iran late last week, which resulted in the brent crude oil pr…
Overseas conflict between Israel and Iran causes diesel prices to climb in Canada
The conflict between Israel and Iran is fuelling a rise in diesel prices across Canada. The cost of diesel fuel has jumped more than 6 cents per litre in Nova Scotia. Several days earlier, prices climbed by more than 7 cents per litre in New Brunswick.
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