EnergyHighCorroboratingAccelerating
8.3
Iran war drives oil toward $100, diesel futures hit record high
Axios·IR · US·1 day ago
US diesel prices have surpassed the 2022 record set after Russia's invasion of Ukraine, driven by the ongoing war in Iran. The escalation in the Middle East is tightening global fuel supply, with diesel particularly exposed due to refinery disruptions and shipping risks. The new high signals sustained inflationary pressure and potential economic strain on transport and logistics sectors.
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