Middle East Chronicle
Inside Matters
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Beirut
September 18, 2026

Morgan Bazilian

Professor of Public Policy and Director of the Payne Institute, Colorado School of Mines

Iran war pushes diesel – the economy’s lifeblood – to record high prices, with no relief on the horizon

Iran war pushes diesel – the economy’s lifeblood – to record high prices, with no relief on the horizon

The country, and the world, have been losing diesel refining capacity for many years and can’t just ramp up production to fill the shortages.

Morgan Bazilian·18 Sept 2026