US diesel prices have surged past $5 per gallon as the closure of the Strait of Hormuz removes 14 million barrels per day from global oil markets.

The AA said the average cost of a litre of petrol has reached 151p having dropped to 150.7p a week ago. Average diesel prices stand at 164.9p per litre.

US-Iran tensions raise fears of $4 gas as the Strait of Hormuz is closed. Crude oil reaching a new all-time high by December 31 at 12.5% YES.

Rising crude oil prices driven by renewed Middle East tensions could push the U.S. national average gasoline price above $4 per gallon within the next week.

Mohamed El-Erian warns gas prices will hit $4/gal in US by end of July due to tensions with Iran and Strait of Hormuz.

After several weeks of reprieve for drivers, the US national average price of gasoline could top $4 per gallon within a week...

Diesel prices hit $5 a gallon, up 33% since the Iran conflict began. Crude oil reaching a new all-time high by December 31 at 12.5% YES.

Diesel tops $5 a gallon as regular gas reaches almost $4, nearly a dollar and a quarter more than a year ago

US gas prices have rocketed higher during the on-again, off-again war with Iran.

President Trump's decision to restart the Iran war has spiked diesel prices, leading to higher costs for goods. Analysts predict a further 20-25 cent increase.

US diesel prices have surged past $5 per gallon as the closure of the Strait of Hormuz removes 14 million barrels per day from global oil markets.

Oil surge has caused spike in gas prices as analyst warns gas will reach $4/gallon amid Middle East tensions.