Delivering salmon, fruits and other perishable foods has become more expensive as the war with Iran pushes up diesel prices.
Category: Oil (Petroleum) and Gasoline
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U.S. Gas Prices Hit $4 a Gallon on Average
A month since the first U.S.-Israeli attacks and Iran’s response effectively shut off Persian Gulf oil, drivers are paying significantly more to fill up.
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Iran War’s Latest Economic Toll: Oil at $115 a Barrel
Economists and investors are increasingly pricing in a slowdown, or even a global recession, if the fighting drags on.
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Oil Jumps to $116 a Barrel on Signs of Escalation of Middle East War
Investors digested increasing signs of escalation of the U.S.-Israeli war in Iran, which has led to a blockage of critical energy supplies.
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Why the Iran War May Force Countries to Rely Less on Natural Gas
The U.S. and other exporters are poised for a windfall, but disruptions to Persian Gulf supplies are also pushing gas-buying countries to consider alternatives like coal, solar and nuclear energy.
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As Stocks Keep Falling, Investors Are Losing Patience With the War in Iran
The S&P 500 is on course for its fifth straight week of losses and its worst weekly losing streak in roughly four years.
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Global Food Supply Faces a Dangerous Bottleneck as Iran War Persists
Fertilizer prices are climbing as a result of disruptions in the Middle East, putting global food supplies at risk.
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Spiking Diesel Prices Mean Everything Will Get More Expensive
Diesel has climbed faster than gasoline this month, directly hitting businesses, from brewers to trucking companies. Those higher costs are likely to make their way into consumer prices.
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How the Iran War Is Costing the Economy Its Buffers
As the U.S.-Israeli campaign enters a second month, analysts see a growing toll. One forecast predicts oil hitting $200 a barrel.
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Stocks Sink and Oil Dips After Trump Delays Threat to Bomb Iran
President Trump said on Thursday he would delay an imminent deadline to begin attacking Iran’s power grid.
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Iran Keeps a Tight Grip on Strait of Hormuz, Pressuring Shipping and Energy Sectors
Iran has allowed a small number of vessels to pass, but that won’t alleviate pressure or risk for the shipping industry and energy markets any time soon.