Fuel Prices Jump More Than Oil as Iran War Hits Supply

Fuel prices surged across global markets on Monday as the war in Iran disrupted shipments from Persian Gulf refineries.

In Europe, benchmark diesel futures jumped as much as 23% to a two-year high, outpacing gains in Brent crude. Outright prices for jet fuel, gasoline, high-sulfur fuel oil and naphtha — a petroleum product used as a petrochemical feedstock and to make road fuel — also soared.