Diesel Hits $5.66, Brent Crude Jumps to $108 on Iran Supply Shock
Strait of Hormuz closure drives Brent crude to $107.97, up from $70 pre-war. Diesel near record high as bond yields climb and Fed rate-cut bets evaporate.
#Iran War
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Iran War Drives Base Oil Shortage, Oil Changes About to Cost More
Industrial lubricants used to make motor oil are in short supply with no relief in sight, pushing maintenance costs higher for fleets already squeezed by tight…
Brent Crude Hits $107.72: Up 3.4% on Iran War Stall
International oil benchmark climbs as market prices in longer conflict: diesel and fuel surcharges track crude moves within days.
Brent Crude Falls 3.8% to $97.38 on Iran-US Peace Talks
International oil benchmark drops nearly four percent as diplomatic signals ease war premium: diesel and gasoline prices expected to follow within days.
Gasoline Hits $4.48, Up 50% Since Iran War Started
Pump prices jumped 31 cents in a week as conflict drives fuel costs to levels not seen since 2022, squeezing owner-operator margins on every deadhead mile.