Diesel supplies are under pressure worldwide. Here is what is driving the crunch. First, China has suspended most October fuel exports. Beijing wants to protect domestic stocks during the Golden Week holiday.

Second, Russia extended its diesel export ban through October. President Putin says sanctions block Russian diesel from global markets. Third, Ukraine’s strikes have hit Russian refineries. Kyiv says the campaign has knocked out more than 45 percent of Russian refining capacity.

Fourth, attacks in the Strait of Hormuz have hit three tankers. That adds risk to shipping through the world’s key oil route. Fifth, US President Trump has threatened curbs on American diesel exports. Europe depends heavily on US fuel after banning Russian imports.

Britain is now talking to allies about releasing emergency diesel stockpiles. The result is rising prices in many countries. Analysts say the squeeze may last through October. Consumers may feel it at the pump.