US Diesel Prices Hit All-Time High as Iran War Chokes Supply

🛢️ MARKETS — Record diesel means the war's cost is now visible at every truck stop. 📌 LOOK CLOSER: Diesel drives freight, agriculture, and manufacturing — not just commutes. An all-time high transmits directly into food prices, logistics costs, and industrial margins across every import-dependent economy. With Hormuz near-closed and SPR at 1983 lows, there's no buffer left to suppress this. European economies already absorbing energy shock face a second-order inflation hit with no ceiling visible.