Iran Reopens Hormuz, Oil Flows Again Under U.S. Deal
Agreement lets Iran sell crude freely, reversing sanctions that spiked diesel 50% since war started. What the fuel-price drop means for small fleets.
#Fuel Costs
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Cushing Oil Tanks Drain Near Empty as Diesel Feedstock Tightens
Storage tanks in Oklahoma are being drawn down so fast that producers can't refill them, signaling tight crude supply that could push diesel prices higher.
Brent Crude Falls to $78.36: Down $1.19 as Iran War Premium Fades
Oil dropped another $1.19 per barrel June 18, now just $8 above pre-war levels. Diesel relief continues for fleets that saw fuel spike $2/gallon in March.
Oil Falls Back to $80: Brent Down 3.2%, U.S. Crude at $78.72
Brent crude dropped 3.2% to $80.50 per barrel June 16, while U.S. benchmark crude fell $2.03 to $78.72. The slide continues a two-week retreat from the $98…
Oil Falls $4.37 on Iran Deal, Diesel Relief Coming for Fleets
Brent crude dropped to $82.96 per barrel June 15 as a tentative deal to end the Iran war took shape. What the pullback means for fuel costs.
Oil Falls 3% on Iran Talk Progress, Still $17 Above Pre-War Level
Brent crude dropped to $87.58/barrel June 12 after Trump claimed breakthrough in Iran negotiations. Diesel and fuel surcharges remain elevated for fleets.
Brent Crude Hits $93, Up 33% Since War Started in February
Oil climbed to $93.15 a barrel June 11 after Trump threatened to seize Iran's oil. Brent was at $70 before the war.
Brent Crude Climbs to $92.43 as Hormuz Doubts Keep Pressure On
International benchmark gains 1.1% on June 10. U.S. crude inches up 0.1% to $88.31. Strait reopening timeline still unclear.
Diesel Drops 14¢ to $5.21, Third Straight Week Down
National diesel fell to $5.21/gal June 8, down 14 cents. Still $2/gal higher than last year, but the first sustained retreat since the Iran war spiked fuel in…
Diesel at $6 Makes Idling a $15,000-a-Year Problem for Long-Haul Fleets
With summer diesel hitting $6/gallon in many markets, excess idling now costs a single long-haul truck up to $15,000 annually in fuel alone, plus accelerated…
June Import Volume Up 9.7% as Retailers Pull Peak Season Forward
Shippers accelerate cargo to dodge rising fuel costs and tariff risk. Early peak means more drayage loads through July, then a fall lull.
Brent Crude Drops 3.3% to $91 After Iran War Spike
Oil fell back to $91.14 a barrel June 9 after briefly topping $98 the day before. Strait of Hormuz deal hopes ease fuel costs for fleets.