Macro Finance
Price of diesel hits all-time high as Iran, Ukraine wars constrict global supply
NBC Business·September 4, 2026·1 min read
Diesel prices hit an all-time high as wars in Iran and Ukraine constrict global supply. U.S. consumers face higher retail prices for goods from produce to apparel as diesel costs rise. The surge reflects supply disruptions from ongoing conflicts, impacting everything from food to toys and lumber.
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