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US diesel refining economics remain firm despite Iran war truce
Key takeaways
- US diesel refining economics remain firm despite Iran war truce By Shariq Khan Sat, June 27, 2026 at 12:03 AM GMT+7 2 min read By Shariq Khan
- The crack spread, calculated as the difference between the price of U.S. ultra-low sulfur diesel futures and U.S.
- Resilient diesel refining economics reflect a cautious approach to fuel markets by traders wary of being caught offside if tensions flare up again in the Middle East.
US diesel refining economics remain firm despite Iran war truce By Shariq Khan Sat, June 27, 2026 at 12:03 AM GMT+7 2 min read By Shariq Khan
NEW YORK, June 26 (Reuters) - The U.S. diesel futures crack spread, a measure of profitability for refiners, hit a three-week high as analysts said supply tightness for the product is set to persist even after a preliminary deal was reached to end the Iran war.
The crack spread, calculated as the difference between the price of U.S. ultra-low sulfur diesel futures and U.S. crude oil benchmark West Texas Intermediate futures, settled at $62.84 a barrel on Thursday, the highest since June 3, LSEG data showed.
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