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5 Oct 2026, 17:32

The President of the United States says that what has caused the increase in diesel prices is no longer related to the Strait of Hormuz, as he claims that unprecedented amounts of oil are now being exported daily from this waterway.

Donald Trump, on Monday, October 5, shared a message on his social media platform, Truth Social, linking the rise in diesel prices to "refineries," stating: "Russian refineries are being targeted by Ukraine, and our refineries, which are in blue states (Democratic states) like California, are being shut down by 'stupid Democrats.'"

The U.S. President's remarks refer to recent reports indicating an increase in oil exports from the Strait of Hormuz.

Kepler, a global shipping monitor, stated on October 5 that its data shows Middle Eastern oil exports, excluding Iran, have surpassed pre-war levels over the past week, despite attacks on ships in the Strait of Hormuz.

Despite the increase in oil exports from the Strait of Hormuz, global oil prices have remained around $100 per barrel.
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