ALWAGHT- Diesel costs have surged by 14% in just one month, marking a 60% increase compared with the same period last year.
US diesel prices have surged to a record $6.23 per gallon, more than 60% higher than a year ago. Prices jumped 14% in the past month as US exports increased amid global supply disruptions linked to the closure of the Strait of Hormuz and attacks on Russian refineries.
The disruption has intensified as Saudi Arabia shut down its East-West oil pipeline following a drone strike, while Yemen's Ansarullah took control of Perim island near the Bab al-Mandab Strait. The twin disruptions have pushed Brent crude above $100 a barrel and driven shipping costs to record levels.
US President Donald Trump blamed Ukrainian strikes on Russian diesel infrastructure for worsening the shortage, urging Kyiv to stop targeting fuel facilities. Analysts warn that oil prices could rise further if Oman talks fail to produce a breakthrough or Saudi Arabia's pipeline remains offline.
