US diesel prices soar to record high

Diesel prices in the US have hit an unprecedented high, driven largely by tensions with Iran that have disrupted supply chains and pushed costs above the previous peak set in 2022. This surge in fuel prices is exacerbating inflationary pressures, which could have significant political implications as the midterm elections approach. The escalation in fuel costs underscores the broader economic challenges that could impact consumer spending and the overall economy. For more details, check out the full article on the Financial Times website.