US Diesel Prices Surpass Five Dollars Following Iran Conflict and Strait of Hormuz Oil Volatility

US diesel prices reached a national average of five dollars per gallon after military tensions with Iran blocked crucial oil transport routes.Delta Air Lines and American Airlines expect four hundred million dollars in additional expenses as jet fuel costs double in some regions.Donald Trump is considering military action to reopen the Strait of Hormuz after failing to form an international coalition for tanker security.The International Energy Agency plans to release hundreds of millions of barrels from strategic reserves to stabilize global energy markets.
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