Diesel Prices Hit Record High as Middle East Attacks Threaten Shipping Routes

Attacks on key Middle East shipping routes are raising concerns about global trade. In the U.S., diesel prices have reached record highs, hitting drivers and businesses hard. The attacks target important waterways used to transport oil and goods worldwide. Any disruption to these routes can slow deliveries and increase costs. Diesel is vital for trucks, trains, and farming equipment. When its price rises, the cost of moving goods rises too — and those costs often reach consumers. It is not yet clear how long the attacks will continue or how much they will affect supply. Officials and shipping companies are watching the situation closely.