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Diesel Hits Record High as Middle East Tensions Drive Crude Oil Surge

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • US diesel prices hit an all-time high of $5.85 per gallon amid crude supply disruptions and escalating US-Iran conflict.
  • Crude oil surged over 9% weekly on Strait of Hormuz disruption fears, stoking sticky inflation concerns across freight, consumer goods, and the broader economy.
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BRENT price history

104.61 +64.07% over the displayed period

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