Russia has imposed an Indefinite Ban on the export of diesel and gasoline to most countries, which could disrupt fuel supplies and worsen global shortages. The ban, effective immediately, aims to stabilize fuel prices domestically and currently applies to all countries except for four former Soviet states. Market participants are concerned about the impact on global diesel inventories, especially as Russia is one of the largest suppliers of diesel. The duration of the ban remains uncertain, and experts warn that Russia may be using fuel supplies as a weapon. Oil prices initially rose on the news but settled lower.

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