Brent Crude Back Over $100 as Hormuz Closure Drags Into Second Week
Brent rose 1.8% to $101.80/bbl May 8 after a volatile morning: diesel costs remain elevated as the strait stays shut.
#Strait Of Hormuz
34 posts tagged with this topic.
Brent Crude Falls 5.7% as Hormuz Deal Hopes Pull Diesel Off Peak
International oil benchmark drops to $103.61 per barrel, down from $115 earlier this week, on diplomatic progress in the Strait of Hormuz.
Diesel Surges Past $4.48, Strait of Hormuz Closure Hits Fuel Costs
National diesel average climbs $1.32 year-over-year as crude tops $100/barrel and Middle East shipping lane remains shut.
Diesel Hits $5.35/Gallon: Auto Haulers Absorb $1.80 YoY Spike
National diesel average sits $1.80 above year-ago levels as Iran supply warnings push auto transport costs up 16.7% from pre-conflict baseline.
Capacity Plummets 10.9 Points in April, Tightest Freight Market in a Decade
Transportation capacity hit 28.4 on the Logistics Managers' Index, the second-fastest decline on record, while spot prices jumped 5.6 points to 95, the widest…
Diesel Jumps 29 Cents in One Week, Futures Signal More Pain Ahead
DOE benchmark diesel hit $5.64/gallon this week, erasing three weeks of declines. Futures climbed 28 cents in five trading days as Hormuz blockages persist and…
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.
Brent Crude Hits $110.37, Up 2% on Strait of Hormuz Tensions
International oil benchmark climbs to $110.37 per barrel as geopolitical risk tightens supply. What the move means for diesel costs and small-fleet fuel bills.
Oil Hits Highest Price Since June 2022 as Hormuz Conflict Drags On
Crude surge driven by U.S.-Iran standoff and choked Strait of Hormuz flows: no end date in sight for fuel cost relief.
Diesel Drops 21 Cents, Then Crude Hits $100, What Happens Next
National average fell to $5.40/gallon this week, but Brent crude spiked over $100/barrel as Iran ceasefire uncertainty keeps the Strait of Hormuz in play.