Cause And Effect Of High Diesel Prices

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—–Writes Moon of Alabama:The Trump administration has yet to learn of cause and effect …Bessent Blames High Energy Prices on Ukraine’s Russia Strikes (archived) – Bloomberg, Sep 2 2026Treasury Secretary Scott Bessent said Ukrainian drone strikes on Russian energy facilities were one reason for rising global energy prices, citing those attacks before mentioning the war against Iran when asked about the elevated cost of living in the US.“We are going through an energy shock right now, due to both the war in Ukraine, because Ukraine has decided that they want to blow up Russian energy assets and refined products — so that is creating upward price pressure on a global basis — and then the conflict in Iran,” Bessent said on Fox News on Wednesday.…The strikes have forced Moscow to extend a ban on diesel exports through the end of the month. That development, combined with relatively fewer cargoes of fuel making it through the Strait of Hormuz than crude, has tightened supplies worldwide.US intel guided Ukraine’s strikes on Russian energy sites (archived) – FT, Oct 12 2025The US has for months been helping Ukraine mount long-range strikes on Russian energy facilities, in what officials say is a co-ordinated effort to weaken Vladimir Putin’s economy and force him to the negotiating table.American intelligence shared with Kyiv has enabled strikes on important Russian energy assets including oil refineries far beyond the frontline, according to multiple Ukrainian and US officials familiar with the campaign.The previously unreported support has intensified since midsummer and has been crucial in helping Ukraine carry out attacks that Joe Biden’s White House discouraged. Kyiv’s strikes have driven up energy prices in Russia and prompted Moscow to cut diesel exports and import fuel. The post Cause And Effect Of High Diesel Prices appeared first on LewRockwell.