
Brent Crude Falls to $111.43 as Hormuz Closure Drags On
International benchmark drops 2.7% despite strait remaining largely shut: diesel and fuel surcharge implications for small fleets.
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International benchmark drops 2.7% despite strait remaining largely shut: diesel and fuel surcharge implications for small fleets.

Brent crude fell $1.93 overnight, a drop that barely registers against fuel costs running 40% above pre-pandemic norms.

Crude surge driven by U.S.-Iran standoff and choked Strait of Hormuz flows: no end date in sight for fuel cost relief.

EIA reports diesel at $4.123 per gallon, 8 cents below last week, while AAA pegs retail diesel $1.11 higher at $5.461: a $1.93 year-over-year jump that hits…

Benchmark crude prices posted sharp single-day gains April 29, pushing Brent above $107 and WTI above $103: the highest settlement in three weeks.

International benchmark rose 1.8% to $103.76 April 23: diesel and fuel surcharges track the move.

July Brent rose $2.19 to $103.88 per barrel April 28, the second straight session above $100, as the Iran war drags into its second month with no diplomatic…

DOE benchmark fell 29.2 cents over three weeks, but futures and AAA prices signal the decline may be over.
July Brent crude rose to $101.38 per barrel Monday: a 2.3% gain tied to stalled Iran negotiations. What the move means for diesel and settlement statements.

June Brent crude bounced between $103 and $107 per barrel Friday morning on Iran ceasefire speculation before closing up 0.3%.