Oil rises above $90 as US-Iran strikes escalate; Ryanair predicts lower fares this summer - business live

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Guardian Business

Oil rises above $90 as US-Iran strikes escalate; Ryanair predicts lower fares this summer - business live

Rolling coverage of the latest economic and financial news Europe faces a squeeze on its diesel supply this year, according to analysts at the bank Morgan Stanley, with stockpiles expected to decline over the coming months. Analysts including Martijn Rats wrote in a note yesterday: The picture is genuinely tight. Our supply/demand modeling points toward European diesel inventories falling to multi-year lows toward ye…