Iran conflict stokes inflation fears
12m
Hostilities involving Iran pushed global oil and fuel prices higher, stoked inflation and prompted concern at the European Central Bank about sustained consumer-price rises.
The price of diesel fuel hit a record high on Wednesday, while gas prices continue to increase thanks to Trump’s illegal war on Iran.
And it’s not just gas prices. Trump has made your life more expensive in plenty of other ways.
Watch.
And it’s not just gas prices. Trump has made your life more expensive in plenty of other ways.
Watch.
September 18, 2026 at 5:46 PM
The price of diesel fuel hit a record high on Wednesday, while gas prices continue to increase thanks to Trump’s illegal war on Iran.
And it’s not just gas prices. Trump has made your life more expensive in plenty of other ways.
Watch.
And it’s not just gas prices. Trump has made your life more expensive in plenty of other ways.
Watch.
Cost of diesel for a typical Los Angeles-to-Dallas truckload: $1,430 — up about $600, or 72%, from the day before the Feb. 28 strikes on Iran.”
@bloomberg.com ⛽️
@bloomberg.com ⛽️
September 18, 2026 at 11:51 AM
Cost of diesel for a typical Los Angeles-to-Dallas truckload: $1,430 — up about $600, or 72%, from the day before the Feb. 28 strikes on Iran.”
@bloomberg.com ⛽️
@bloomberg.com ⛽️
by Linda Yueh Reposted by Iikka Korhonen
Fed research finds evidence that the global oil supply elasticity has remained close to zero even after the surge in US shale oil production
cepr.org/voxeu/column...
cepr.org/voxeu/column...
The price elasticity of US shale oil supply: Insights from a natural experiment
The 2026 Iran war provides a natural experiment that allows model-free estimation of the price elasticity of US shale oil supply. This column argues that the monthly and quarterly elasticities are eff...
cepr.org
September 18, 2026 at 5:29 PM
Fed research finds evidence that the global oil supply elasticity has remained close to zero even after the surge in US shale oil production
cepr.org/voxeu/column...
cepr.org/voxeu/column...
Gas prices hit $4.46 a gallon today — a gain of 17 cents over the previous week and $1.26 higher than the same point last year.
Diesel prices are up more than $2.74 from a year ago.
Families, farmers, and truckers are all getting squeezed.
Meanwhile...
Diesel prices are up more than $2.74 from a year ago.
Families, farmers, and truckers are all getting squeezed.
Meanwhile...
September 18, 2026 at 2:43 PM
Gas prices hit $4.46 a gallon today — a gain of 17 cents over the previous week and $1.26 higher than the same point last year.
Diesel prices are up more than $2.74 from a year ago.
Families, farmers, and truckers are all getting squeezed.
Meanwhile...
Diesel prices are up more than $2.74 from a year ago.
Families, farmers, and truckers are all getting squeezed.
Meanwhile...
Reposted by David Darmofal
Diesel prices are breaking records every day due to Trump’s war in the Middle East.
In the coming weeks, that’s likely to trickle down to everything Americans buy.
Brace yourselves.
In the coming weeks, that’s likely to trickle down to everything Americans buy.
Brace yourselves.
How record diesel prices will rip through the U.S. economy. Trucks, rails are only the start
Record diesel prices are already walloping the transportation sector, and if energy prices stay high, the economic impact will spread.
www.cnbc.com
September 18, 2026 at 1:14 PM
Diesel prices are breaking records every day due to Trump’s war in the Middle East.
In the coming weeks, that’s likely to trickle down to everything Americans buy.
Brace yourselves.
In the coming weeks, that’s likely to trickle down to everything Americans buy.
Brace yourselves.
by Paul Wilding
Global emissions from burning fossil fuels are set to fall about 0.5% this year.
That isn't climate policy working. It's a war pushing oil prices so high that people are using less.
Cutting emissions by making energy unaffordable is the worst way to do it.
www.carbonbrief.org/analysis-glo...
That isn't climate policy working. It's a war pushing oil prices so high that people are using less.
Cutting emissions by making energy unaffordable is the worst way to do it.
www.carbonbrief.org/analysis-glo...
Analysis: Global fossil-fuel emissions set to fall in 2026 amid Hormuz crisis - Carbon Brief
Global fossil-fuel emissions are set to fall by in 2026 amid the fallout from the Hormuz crisis, according to Carbon Brief analysis.
www.carbonbrief.org
September 18, 2026 at 10:17 PM
Global emissions from burning fossil fuels are set to fall about 0.5% this year.
That isn't climate policy working. It's a war pushing oil prices so high that people are using less.
Cutting emissions by making energy unaffordable is the worst way to do it.
www.carbonbrief.org/analysis-glo...
That isn't climate policy working. It's a war pushing oil prices so high that people are using less.
Cutting emissions by making energy unaffordable is the worst way to do it.
www.carbonbrief.org/analysis-glo...
While crude oil prices have fallen for a third consecutive day, refined products continue to climb, with US diesel at a record high of $6.45 (AAA table).
Meanwhile, media reports indicate that Aramco, the Saudi oil giant, has informed European refiners to expect no crude deliveries in October.
#oil
Meanwhile, media reports indicate that Aramco, the Saudi oil giant, has informed European refiners to expect no crude deliveries in October.
#oil
September 18, 2026 at 12:00 PM
While crude oil prices have fallen for a third consecutive day, refined products continue to climb, with US diesel at a record high of $6.45 (AAA table).
Meanwhile, media reports indicate that Aramco, the Saudi oil giant, has informed European refiners to expect no crude deliveries in October.
#oil
Meanwhile, media reports indicate that Aramco, the Saudi oil giant, has informed European refiners to expect no crude deliveries in October.
#oil
Reposted by Aaron Sojourner, Scott A. Imberman
September 18, 2026 at 3:27 PM
by Linda Yueh
Around 20 million barrels per day of crude oil and oil products, together with around 110 billion cubic metres of liquefied natural gas per year normally transit through the Strait, roughly one quarter of global seaborne oil trade and close to one fifth of global LNG trade
cepr.org/voxeu/column...
cepr.org/voxeu/column...
Energy markets under chokepoint stress: The 2026 Hormuz shock
The 2026 Middle East conflict and the disruption of traffic through the Strait of Hormuz generated the largest physical supply disruption in the history of global energy markets. This column examines ...
cepr.org
September 18, 2026 at 5:22 PM
Around 20 million barrels per day of crude oil and oil products, together with around 110 billion cubic metres of liquefied natural gas per year normally transit through the Strait, roughly one quarter of global seaborne oil trade and close to one fifth of global LNG trade
cepr.org/voxeu/column...
cepr.org/voxeu/column...
And we're all going to be seeing that in the cost of the products we buy. All thanks to Trump, Vance, and all the Republicans who enabled them. Every single Republican on the congressional ballot this November bears responsibility for this through their enabling of Trump & Vance.
Cost of diesel for a typical Los Angeles-to-Dallas truckload: $1,430 — up about $600, or 72%, from the day before the Feb. 28 strikes on Iran.”
@bloomberg.com ⛽️
@bloomberg.com ⛽️
September 18, 2026 at 12:18 PM
And we're all going to be seeing that in the cost of the products we buy. All thanks to Trump, Vance, and all the Republicans who enabled them. Every single Republican on the congressional ballot this November bears responsibility for this through their enabling of Trump & Vance.
by Miles Corak
And would those retaliatory tariffs include oil?
September 18, 2026 at 9:01 PM
And would those retaliatory tariffs include oil?
IRAN WAR IMPACT
Gas and Diesel prices escalate
Gas prices near $4.50/gallon average nationwide
up $1.27 since last year
Diesel prices hit $6.39/gallon
fuelinsights.gasbuddy.com
Gas and Diesel prices escalate
Gas prices near $4.50/gallon average nationwide
up $1.27 since last year
Diesel prices hit $6.39/gallon
fuelinsights.gasbuddy.com
September 18, 2026 at 6:15 AM
IRAN WAR IMPACT
Gas and Diesel prices escalate
Gas prices near $4.50/gallon average nationwide
up $1.27 since last year
Diesel prices hit $6.39/gallon
fuelinsights.gasbuddy.com
Gas and Diesel prices escalate
Gas prices near $4.50/gallon average nationwide
up $1.27 since last year
Diesel prices hit $6.39/gallon
fuelinsights.gasbuddy.com
Iran War Will Make Winter More Expensive for Some Americans
The cost of heating oil, which is similar to diesel and used extensively in Northeastern states, has climbed sharply because of the war in Iran.
The cost of heating oil, which is similar to diesel and used extensively in Northeastern states, has climbed sharply because of the war in Iran.
Iran War Will Make Winter More Expensive for Some Americans (Gift Article)
The cost of heating oil, which is similar to diesel and used extensively in Northeastern states, has climbed sharply because of the war in Iran.
www.nytimes.com
September 18, 2026 at 11:41 AM
Iran War Will Make Winter More Expensive for Some Americans
The cost of heating oil, which is similar to diesel and used extensively in Northeastern states, has climbed sharply because of the war in Iran.
The cost of heating oil, which is similar to diesel and used extensively in Northeastern states, has climbed sharply because of the war in Iran.
by Christian E. Weller Reposted by Greg Linden
This seems bad.
Cost of diesel for a typical Los Angeles-to-Dallas truckload: $1,430 — up about $600, or 72%, from the day before the Feb. 28 strikes on Iran.”
@bloomberg.com ⛽️
@bloomberg.com ⛽️
September 18, 2026 at 1:55 PM
This seems bad.
IRAN WAR IMPACT
Live Ticking Average of Fuel Pump Prices
Gas prices near $4.50/gallon average nationwide
up $1.27 since last year
fuelinsights.gasbuddy.com
Live Ticking Average of Fuel Pump Prices
Gas prices near $4.50/gallon average nationwide
up $1.27 since last year
fuelinsights.gasbuddy.com
September 18, 2026 at 6:12 AM
IRAN WAR IMPACT
Live Ticking Average of Fuel Pump Prices
Gas prices near $4.50/gallon average nationwide
up $1.27 since last year
fuelinsights.gasbuddy.com
Live Ticking Average of Fuel Pump Prices
Gas prices near $4.50/gallon average nationwide
up $1.27 since last year
fuelinsights.gasbuddy.com
Reposted by Greg Linden
Looks like jawboning energy markets might've finally reached its limit.
Oil prices rose after attacks on Saudi Arabia. They eased a bit right after (typical market behavior after a quick rise) but stayed high and are rising again, even as Trump tried BSing that he might end the war soon (he can't).
Oil prices rose after attacks on Saudi Arabia. They eased a bit right after (typical market behavior after a quick rise) but stayed high and are rising again, even as Trump tried BSing that he might end the war soon (he can't).
September 18, 2026 at 2:53 PM
Looks like jawboning energy markets might've finally reached its limit.
Oil prices rose after attacks on Saudi Arabia. They eased a bit right after (typical market behavior after a quick rise) but stayed high and are rising again, even as Trump tried BSing that he might end the war soon (he can't).
Oil prices rose after attacks on Saudi Arabia. They eased a bit right after (typical market behavior after a quick rise) but stayed high and are rising again, even as Trump tried BSing that he might end the war soon (he can't).
Reposted by John McLaren
While gas prices stay above above $4/gallon, Trump’s priorities are his ballroom, the Kennedy Center, and election interference.
September 18, 2026 at 3:27 PM
While gas prices stay above above $4/gallon, Trump’s priorities are his ballroom, the Kennedy Center, and election interference.
Reposted by Henry Jones
As gas prices in Michigan hit $5/gallon and diesel hits a record $6.59, it shouldn't be this hard to buy gas, groceries, or afford healthcare. Our economy has been rigged against the very people who make it work. I'm running for Senate to change that.
September 18, 2026 at 6:27 PM
As gas prices in Michigan hit $5/gallon and diesel hits a record $6.59, it shouldn't be this hard to buy gas, groceries, or afford healthcare. Our economy has been rigged against the very people who make it work. I'm running for Senate to change that.
Reposted by Iikka Korhonen
gasoline up to $4.434/gal as of tonight, while diesel has climbed to $6.387/gal, according to the latest GasBuddy live view. up from $4.355 and $6.301 last night, and tomorrow will bring more increases to the averages as they play catch up.
September 17, 2026 at 3:03 AM
gasoline up to $4.434/gal as of tonight, while diesel has climbed to $6.387/gal, according to the latest GasBuddy live view. up from $4.355 and $6.301 last night, and tomorrow will bring more increases to the averages as they play catch up.
The overlooked factor making everything more expensive: Diesel prices
www.vox.com/today-explai...
www.vox.com/today-explai...
The overlooked factor making everything more expensive
The cost of diesel quietly raises the price of goods across the economy. You’re likely paying for it already.
www.vox.com
September 18, 2026 at 6:09 AM
The overlooked factor making everything more expensive: Diesel prices
www.vox.com/today-explai...
www.vox.com/today-explai...