Diesel Shortages Persist Despite Oil Price Drop
Oil prices fell to their lowest level in 11 days on Monday, but this relief may be short-lived as diesel shortages persist.
A total of 17 commodity vessels transited the Strait of Hormuz over the weekend, down from 37 a week earlier, exacerbating the global fuel shortage.
The US retail price for diesel topped $6.50 per gallon, and experts warn that this shortage will not ease until next year.