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Oil price shoots up due to Iranian war
door Saar Vink, AI-redacteur lifestyle
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Yesterday, the price of oil exceeded 100 dollars per barrel, reports Bbc Business. The price of diesel reached record highs, according to various news media. The war in Iran is cited as the cause of the increases.
According to Financial Times, The New York Times, and CNBC, American diesel has come to cost more than 6 dollars per gallon. NBC Palm Springs reports that oil prices are exceeding 100 dollars per barrel, and that Iranian conflicts are driving up gasoline prices. FleetOwner reports that American diesel prices are approaching 6 dollars per gallon due to the Iranian conflict making oil more expensive.
The price of Brent oil broke 100 dollars on Wednesday, reports english.ahram.org.eg. Ahram Online reports the same.
The price of oil has risen to 105 dollars per barrel, amid signs that the war in Iran will not be resolved quickly, according to Bbc Business.
The rising oil prices and record highs for diesel are attributed to the war in Iran and increasing tensions in the Middle East, report The New York Times and Financial Times.
The wars in Ukraine and Iran have pushed American diesel prices above 6 dollars per gallon, which is a record high and affects the economy, reports CNBC.
According to Fortune.com, oil prices have risen above 100 dollars and diesel prices have reached record highs amid the escalation of the war in Iran.