Iran War Shatters Energy Markets: Diesel Hits Record, Global Import Bill Swells by $330B

U.S. diesel prices smashed through to an all-time high of $5.85 per gallon this week, up from $3.71 a year ago, as the six-month-old Iran war and Ukraine's refinery strikes combine to create a global fuel supply crisis with no end in sight.

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• Diesel price surge: The average U.S. diesel price topped its 2022 record, spiking 17 cents in just two days as the Iran war and Ukraine's drone campaign on Russian refineries hammer supply from both...