The political impact of surging fuel prices in the US, Brazil and Europe
Semafor says a shortage of fuel tankers and limits on global refining capacity have pushed up diesel costs, even as benchmark oil prices have stabilized after a recent surge.
TLDR
Semafor reports that surging fuel prices driven by the wars in Ukraine and the Middle East are reshaping politics in the US, Brazil, France, Germany and Italy. The effects span elections, policies and approval ratings. The outlet says benchmark oil prices have stabilized after a recent surge, but a shortage of fuel tankers and limits on global refining capacity have driven diesel costs higher.
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