BAES 171: Why the price of diesel is getting scary
Summary
Ben and Emil discuss record-high diesel prices driven by simultaneous supply shocks from Russian export bans and a drone attack on Saudi Arabia’s East-West pipeline. They analyze the geopolitical fallout, including Trump’s threats against Iran and the Houthis, while noting that JPMorgan can no longer model the oil market’s endgame. The hosts explore proposed solutions like export bans and new pipelines, highlighting the economic impact on truckers and consumers as global energy routes face unprecedented disruption.
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