Diesel Hits Multi-Year High as Hormuz Tensions Choke Supply
Strait of Hormuz disruptions are driving diesel prices to levels not seen in years. What the spike costs small fleets and why driver pay surged 70% since 2020.
#Geopolitical Risk
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Diesel Prices May Stay High for Months as Hormuz Disruption Drags
If the Strait of Hormuz stays closed, elevated fuel costs could persist for months or years, not weeks.
Brent Crude Swings $4 in Morning Trade, Settles at $105.38
June Brent crude bounced between $103 and $107 per barrel Friday morning on Iran ceasefire speculation before closing up 0.3%.