- The Strait of Hormuz is a crucial chokepoint handling nearly 20% of global oil trade, amid regional tensions involving Iran and Israel.
- US airstrikes are underway targeting Iranian infrastructure in the region, impacting oil and gas exports dependent on the Strait of Hormuz.
- Renewed attacks between Iran and the U.S. are causing disruptions to shipping through the Strait of Hormuz, impacting the global oil market.
- Increased transportation and grocery costs are being passed to consumers following Iran attacks and Strait of Hormuz closures.
Record diesel prices in California due to supply disruptions from the US war with Iran.
1 report, 1 independent
Updated Sep 16
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What happened
Record diesel prices in California due to supply disruptions from the US war with Iran.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Diesel prices are spiking in California and Florida, with Donald Trump being blamed for the rising costs.Sub-event
Current record prices of $7-$8 per gallon are being driven by the ongoing US-Iran conflict.1 source
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The entities involved
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California
former rapid transit station in Chicago, United States