Diesel prices could spike within the next days as the second-largest oil producer Saudi Arabia was struck by a fleet of drones.
Nearly 5% of the global supply is lost due to the attack.
According to FreightWaves, the attack was unexpected and did not involve large troops.
However, this attack could translate into a $0.60 per gallon increase and an increase in operating costs for carriers.
Moreover, this will have 3-6% impact on carrier profits.
To read more, go to FreightWaves.