#USDieselTops5PerGallon 🔴 US diesel tops $5/gal as Iran tensions spike over Strait of Hormuz
US average diesel price climbed above $5 per gallon; gasoline near $4, reversing gains from a June US-Iran memorandum of understanding. A year ago, diesel averaged $3.72 per gallon.
• Iran declared the Strait of Hormuz closed; US announced a blockade on all ship traffic to or from Iranian ports
• Oil barrel price at ~$81, down from Trump-era highs but volatile on White House announcements
• President announced Monday the US would assume control of the strait and charge 20% of cargo value for transit, then abandoned the plan$SEI $FET $AXS
US average diesel price climbed above $5 per gallon; gasoline near $4, reversing gains from a June US-Iran memorandum of understanding. A year ago, diesel averaged $3.72 per gallon.
• Iran declared the Strait of Hormuz closed; US announced a blockade on all ship traffic to or from Iranian ports
• Oil barrel price at ~$81, down from Trump-era highs but volatile on White House announcements
• President announced Monday the US would assume control of the strait and charge 20% of cargo value for transit, then abandoned the plan$SEI $FET $AXS