Gasoil is a crude oil derivative, commonly known as diesel oil

 

Used for agricultural machinery, ships and railways, making it a crucial industrial fuel. 

Prices at one point early Monday shot up over 21% amid reports that one of Saudi Aramco’s biggest refineries, Ras Tanura, was hit by a drone strike, forcing its closure.

Barbara Kollmeyer MarketWatch March 2, 2026

https://www.marketwatch.com/story/gasoil-is-spiking-more-than-crude-what-it-is-and-why-prices-are-soaring-amid-iran-conflict-af45ca50


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