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.
#Iran War
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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.
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…
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.
OPEC+ Quota Hike Means Nothing While Hormuz Stays Shut
Cartel agrees to symbolic production increase for July, but Iran war keeps Middle East barrels landlocked and diesel climbing.
Brent Crude Falls $2.42 to $95.39 as Iran War Developments Ease
Oil prices dropped June 4 on Iran war developments. U.S. crude fell $2.30 to $93.72. Diesel relief could follow in 10 to 14 days.
Brent Crude Falls 2.1% on Ceasefire Talk, Diesel Relief Weeks Out
International oil benchmark dropped to $90.78/barrel May 29 as Iran war de-escalation hopes build, but pump prices lag crude moves by 10 to 14 days.
Oil Swings as Iran Deal Reports Surface, Fuel Pressure Mounts
Crude prices gave back gains May 28 after reports of a potential Iran agreement. Economic data shows the war's toll on freight costs continues.
Brent Crude Jumps 3.4% to $108.54 on Iran War Uncertainty
Oil hit $108.54 per barrel May 21 as Iran conflict drags on: diesel costs stay elevated for small fleets.
Diesel Falls 4.3¢ to $5.596, Second Straight Week Down
DOE benchmark drops to $5.596/gal after five weeks of 20-cent swings. Futures tick up as Iran-war volatility eases.
Brent Crude Holds Above $111 as Iran War Keeps Oil Markets Tight
International benchmark fell 0.7% to $111.39/barrel May 19: still 11% above pre-war levels and keeping diesel elevated for small fleets.
U.S. Exported Half of Strategic Reserve Oil, Diesel Still Tight
Nearly half the crude released from the SPR left the country, a sign global supply tightness is keeping diesel and fuel prices elevated for fleets.