Can emergency reserves ease the diesel crisis? | Counting the Cost

From the creator

From delivering goods to harvesting crops, much of the world’s economic activity depends on diesel fuel. When it becomes scarce or expensive, the impact reaches far beyond the pump to food prices, household budgets and economic growth. Right now, prices have hit record highs. Supply has tightened as the United States-Israel war on Iran disrupts shipping through the Strait of Hormuz, Ukrainian attacks damage Russian refineries and China reportedly curbs its exports. The Group of Seven has agreed to release 100 million barrels of oil and diesel from its emergency stockpiles over four months. That amount equates to about one day of global oil demand. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X : https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.news/AJEMobile #trade #straitofhormuz #diesel #economy #china #aljazeeraenglish

Published 2026-10-08 · Watch on YouTube ↗
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