What Really Drives Diesel and Petrol Prices? Key Factors in October 2026: From the Hormuz Bottleneck to Dry Pumps in France and Protests in Italy
Not a crude oil shock, but a middle distillate shortage: as US-Iran escalation roils the Strait of Hormuz, Europe faces a structural diesel deficit, dry TotalEnergies stations in France, and logistics unrest in Italy.