Middle East War Sends Fuel Prices Over $4 and Markets Tumbling Across Asia

Diesel has crossed $4 per litre at Shell, Caltex, and Esso — the first time since late June — after pump prices jumped 8 to 12 cents on September 14. Brent crude surged past US$107 per barrel, up 3% in a single day, as Houthi strikes on Saudi Arabia and Iranian attacks on Gulf shipping compounded a supply crisis. If you drive on 95-octane, expect to pay $3.45 to $3.49 a litre. With the US Federal Reserve pricing in an 86% probability...