Iran conflict drives diesel prices to $5.05, affecting groceries and housing. Crude oil reaching new highs by December 31 at 15.5% YES.

Oil prices rose to five-week highs as escalating U.S.-Iran hostilities and mounting threats to key Middle East shipping routes heightened fears of supply disruptions.

Iran war disrupts Strait of Hormuz, causing energy prices to surge. Crude oil reaching a new all-time high by December 31 at 15.5% YES.