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.
#Strait Of Hormuz
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Diesel Drops 17 Cents to $5.35/Gal, Lowest Since March
Benchmark fuel price falls to pre-surge level as Hormuz reopening talk pushes futures down 67 cents in two weeks.
Diesel Prices Drop After Memorial Day, Gas Hits $4.56 National Average
National diesel and gasoline prices declined following Memorial Day weekend, though fuel costs remain $1.40 per gallon higher than May 2025 as Strait of Hormuz…
Brent Crude Slips to $93.49 but Still $23 Above Pre-War Level
International oil benchmark dropped $1.49 on June 2 but remains 33% higher than the $70 baseline before the Strait of Hormuz closure.
Brent Crude Hits $103.60, Hormuz Disruptions Push Oil Higher
International benchmark rose 1% Friday as Strait of Hormuz disruptions tighten supply. U.S. crude up 0.4% to $96.68.
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.
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.
Brent Crude Dips to $105.44 as Iran War Drags On With No End in Sight
Oil fell 19 cents May 14 after a week of whipsaw moves: diesel still sits near $4.48, and small fleets are watching every penny.
Hormuz Oil Flows Down 6 Million Barrels a Day, Diesel Watch Begins
Strait of Hormuz crude and fuel flows fell nearly 30% in Q1, the Energy Information Administration reports. Small fleets face diesel price exposure if the drop…
Hormuz Closure Drains 100M Barrels a Week, Stockpiles Running Low
Saudi Aramco CEO warns storage is being drawn down to cover the shortfall as the strait stays shut.
Brent Crude Jumps 3.5% to $104.88 as Iran Talks Collapse
Oil climbs on diplomatic breakdown, diesel costs stay elevated as Hormuz remains shut and crude tops $100 for the eighth straight session.
Hormuz Shut Since May 5, No Tankers Through, Diesel Still Climbing
Iran halted all transits through the Strait of Hormuz three days ago and imposed new shipowner reporting rules. Crude and diesel prices remain elevated despite…