Brent tops $92 as US-Iran strikes and tanker reroutes rattle oil
Why it matters: Saudi crude tankers turned back in the Red Sea, raising shipping costs as US gasoline hit $4.06 and diesel jumped to $5.13.
Why it matters: Saudi crude tankers turned back in the Red Sea, raising shipping costs as US gasoline hit $4.06 and diesel jumped to $5.13.
Why it matters: Higher diesel costs are spreading beyond drivers, raising freight and airline surcharges and threatening broader inflation.
What's new: Brent settled at $84.73 and WTI at $79.34 after renewed strikes and tanker attacks raised inflation and diesel-supply fears.
Why it matters: European diesel margins hit a record $60.17 a barrel as shortages spread across parts of Russia.
Why it matters: shortages have spread across Russian regions, with Crimea cutting transport hours and limiting fuel sales.