Diesel prices soared sharply on Monday as markets reacted to escalating tensions in Iran, with the increase outpacing crude oil gains. The surge comes amid disruptions in fuel shipments from the Middle East, following a near-closure of the Strait of Hormuz.

Gasoil, or diesel, is under the greatest near-term supply pressure due to its regional concentration and critical role in transportation and military logistics. On the Intercontinental Exchange, diesel futures jumped 17% at the opening, surpassing Brent crude, which rose 13% to trade above $80 per barrel.

Analysts warn that diesel faces higher immediate risks than other fuels, including jet fuel and LNG, as alternative supplies are limited. Approximately 10% of global seaborne diesel passes through the Strait, compared to higher shares for jet fuel and gasoline.

Experts say that any prolonged disruption could trigger supply shortages across multiple petroleum markets, intensifying global energy volatility.