WashingtonUS diesel hit a record $6.51 a gallon.
Diesel powers freight and farm machinery, so higher prices feed straight into food costs.
Middle East diesel exports fell by half since March as refineries worldwide already run near full capacity, the International Energy Agency said.
“Any further disruption to Red Sea flows risks tightening an already stretched market,” said Kpler analyst George Shaw.
Diesel prices are likely to keep climbing unless Hormuz reopens or refiners add capacity.
How each outlet framed it
drawn from 150+ reports worldwide
- RT leans critical
- attributes record diesel to 'US war with Iran'; emphasizes IRGC threats of new weapons and Trump's pressure on Zelensky to spare Russian refineries
- The Times of India
- balances blame between Iran and Ukraine wars; emphasizes refinery strain as structural bottleneck, citing IEA warning that 'few options' remain to prevent further tightening
Sources: RT, The Times of India