LondonUS diesel reached $6.31 a gallon, a record.
Diesel powers freight and irrigation, so the shock lands hardest as food inflation.
Oil is priced on expected barrels: drone strikes shut Saudi Arabia’s Red Sea pipeline, moving prices before supply actually fell.
Chatham House says repairs could take eight weeks, as Houthi advances threaten the Red Sea route.
How each outlet framed it
drawn from 850+ reports worldwide · These outlets told this story very differently.
- BBC
- maps economic cascade: $108/barrel (50% up from June) → 170p/litre UK petrol → Ofgem 25% energy cap rise (£440/year) → food and mortgage cost risks
- Investing.com leans critical
- RT
- reports Saudi cancellations to European customers, loss of East-West pipeline bypass, Riyadh's renewed dependence on Hormuz despite tanker traffic constraints
Sources: BBC, Investing.com, RT