On Tuesday, President Trump stated that high gasoline prices are a “very small price to pay” for the ongoing war with Iran, arguing they are necessary to prevent Iran from obtaining a nuclear weapon.

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. This voice experience is generated by AI. Learn more. This voice ...

Diesel markets are structurally tighter, with lower inventories and less flexibility to absorb supply shocks than gasoline. Global trade, agriculture, and industry rely heavily on diesel, making ...