Record tightness seen in fuel market as tensions escalate in Hormuz
July 14, 2026 1:35 pm, EDT Storage tanks at a pipeline facility in Avenel, NJ (Mark Kauzlerich/Bloomberg) key takeaways: Fuel markets in the US and Europe fell sharply as concerns over fuel supplies grew due to renewed conflict in the Middle East and tanker attacks in the Strait of Hormuz. Fuel prices have risen faster