The price of U.S. diesel fuel hit a new high over mounting fears that fighting in the Middle East could further threaten oil supplies.
War in the Middle East
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The price of U.S. diesel fuel hit a new high over mounting fears that fighting in the Middle East could further threaten oil supplies.
How much the international benchmark costs
Notes: Data shows future contract prices for Brent crude oil. Gaps indicate nontrading hours. Data is delayed at least 15 minutes.
Middle East attacks are straining global oil supplies, pushing fuel costs higher for American drivers and businesses.
Benchmarks for crude oil and diesel hit warning thresholds as the war in the Middle East escalates.
Oil Futures Jump as Middle East Escalation Raises Supply Worries
US diesel prices surpass $5 amid supply disruptions. Crude oil reaching a new all-time high by December 31 at 13.5% YES.
It's not just Hormuz. Another war is providing fresh price shocks to fuel and food.
Attacks along key Middle East shipping routes stoked prolonged supply disruption fears.
