The Iran war raises the prices of American diesel amid warnings of a comprehensive wave of high prices
Diesel prices in the United States exceeded $4 per gallon for the first time in nearly two years yesterday, Wednesday, and are expected to rise further during the week as the US-Israeli-Iran conflict continues, threatening to raise the prices of all goods from food to furniture.
And Diesel prices, mainly used in manufacturing and shipping, have risen sharply since Iran began responding to US and Israeli strikes on the country by bombing energy infrastructure across the Middle East and disrupting shipping in the Strait of Hormuz.
Diesel stocks have remained tight globally due to heavy demand for heating and power generation during the harsh winter in the United States and other parts of the world, as well as a shortage of refining capacity.
The Middle East crisis has led to To the rise in the prices of all types of fuel in conjunction with the rise in oil prices, which poses a great danger to the US President’s campaign Donald Trump and his Republican Party ahead of the midterm elections next November, where inflation is expected to be a major concern for voters, while many across the country struggle to keep up with rising costs of living.
Energy economist Philip Verleger said: "Prices for all products will rise if higher diesel prices increase transportation costs". He added that food prices may also rise if farmers are forced to reduce their cultivated areas due to high diesel prices.
The average Retail gasoline prices in the United States rose $3 per gallon for the first time since November 2025, while gasoline futures hit $2.54, their highest level since July 2024.
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