The US diesel crack has hit a record high of $102.20 due to refinery attacks, Russian export bans, and low inventories that have tightened fuel supply.
The ceasefire between Iran and other parties has ended, and the oil market is pricing a longer supply disruption as a result.
US distillate stocks fell to 107.1 million barrels in early August, their lowest level since 1996, despite higher refinery output.
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