The rising tensions between the U.S. and Iran, stemming from failed negotiations, have led to an increase in oil prices. This week, Iran announced it would adopt a 'fully offensive' strategy, further escalating tensions:
Currently, Brent crude is priced at $91.33 per barrel, while West Texas Intermediate is at $85.08 per barrel:
The diesel crack spread in the U.S. has surpassed $100 per barrel for the first time, indicating a severe fuel supply crunch:
