Rising diesel costs could exacerbate inflation, impacting transportation, agriculture, and construction, while geopolitical tensions persist. The post US diesel prices hit record high, surpassing $5.90/gallon amid Iran tensions appeared first on Crypto Briefing .
The Minister of Roads and Urban Development, Shahid Raisi, stated that the Hormuz shock has now reached diesel in the United States, and wrote: "The high cost of diesel is the most direct path to the transfer of the Hormuz war to inflation."