Diesel Prices Soar Past $6 Amid US-Iran Conflict
US diesel prices have soared past $6 per gallon, setting a new record as Washington's war with Iran disrupts global fuel supplies. The national average is now at nearly $6.06, up from $5.85 last week and almost $3.71 this time last year, according to motor club AAA.
Higher diesel prices are putting a strain on businesses that rely on transportation networks, leading some companies to pass along increased costs to consumers in the form of added fees on online orders and packages in the mail.
The surge in diesel prices follows the recent escalation of fighting between the US and Iran, which has led to supply chain disruptions across the Middle East. The cost of crude oil, a key ingredient in refined fuel like diesel, has also risen amid renewed tensions.
Experts warn that the consequences of high diesel prices could be far-reaching, particularly for countries that rely heavily on imports from the region. In some African and Asian nations, diesel prices have surged by over 80% since late February, according to data from Global Petrol Prices.