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Will Europe’s ban on Russian diesel hike global fuel prices?

A fuel trucks drives on a highway in Frankfurt, Germany, Friday, Jan. 27, 2023. A European ban on imports of diesel fuel and other products made from crude oil in Russian refineries takes effect Feb. 5. The goal is to stop feeding Russia's war chest, but it's not so simple. Diesel prices have already jumped since the war started on Feb. 24, and they could rise again. (AP Photo/Michael Probst) Cars and trucks drive on a highway in Frankfurt, Germany, Friday, Jan. 27, 2023. A European ban on imports of diesel fuel and other products made from crude oil in Russian refineries takes effect Feb. 5. The goal is to stop feeding Russia's war chest, but it's not so simple. Diesel prices have already jumped since the war started on Feb. 24, and they could rise again. (AP Photo/Michael Probst) A truck transports cars on a highway in Frankfurt, Germany, Friday, Jan. 27, 2023. A European ban on imports of diesel fuel and other products made from crude oil in Russian refineries takes effect Feb. 5. The goal is to stop feeding Russia's war chest, but it's not so simple. Diesel prices have already jumped since the war started on Feb. 24, and they could rise again. (AP Photo/Michael Probst) Tires of a truck are pictured at a gas station in Frankfurt, Germany, Friday, Jan. 27, 2023. A European ban on imports of diesel fuel and other products made from crude oil in Russian refineries takes effect Feb. 5. The goal is to stop feeding Russia's war chest, but it's not so simple. Diesel prices have already jumped since the war started on Feb. 24, and they could rise again. (AP Photo/Michael Probst) Diesel and other fuel is delivered to a gas station in Frankfurt, Germany, Friday, Jan. 27, 2023. A European ban on imports of diesel fuel and other products made from crude oil in Russian refineries takes effect Feb. 5. The goal is to stop feeding Russia's war chest, but it's not so simple. Diesel prices have already jumped since the war started on Feb. 24, and they could rise again. (AP Photo/Michael Probst) Diesel and other fuel is delivered to a gas station in Frankfurt, Germany, Friday, Jan. 27, 2023. A European ban on imports of diesel fuel and other products made from crude oil in Russian refineries takes effect Feb. 5. The goal is to stop feeding Russia's war chest, but it's not so simple. Diesel prices have already jumped since the war started on Feb. 24, and they could rise again. (AP Photo/Michael Probst) The Diesel price for trucks is displayed at a gas station in Frankfurt, Germany, Friday, Jan. 27, 2023. A European ban on imports of diesel fuel and other products made from crude oil in Russian refineries takes effect Feb. 5. The goal is to stop feeding Russia's war chest, but it's not so simple. Diesel prices have already jumped since the war started on Feb. 24, and they could rise again. (AP Photo/Michael Probst)