A year ago, those prices were $3.078 and $3.592, respectively. A month ago, they were $2.917 and $3.651.<\/p>\n
Fuel prices have been on the rise globally since the United States and Israel launched attacks on Iran on Feb. 28<\/a> amid negotiations over Iran’s nuclear program. The attacks, which killed Iran’s supreme leader, Ayatollah Ali Khamenei<\/a>, prompted Tehran to effectively close down<\/a> the Strait of Hormuz by banning ships linked to the United States or Israel. About 20% of the world’s oil runs through the waterway that separates Iran and Oman.\n<\/p>\n Brent Crude<\/a>, the benchmark price for oil worldwide, rose about 2% to $102 a barrel Tuesday, The New York Times<\/a> reported. The West Texas Intermediate, the U.S. benchmark, rose to $95 a barrel.\n<\/p>\n Diesel prices are particularly tied to the U.S. economy, which depends on it for the transportation of goods via trucks, trains and barges. Recent surges in prices could have a cascading effect.<\/p>\n Andy Lipow, president of Lipow Oil Associates, said Tuesday that trucking and rail companies have begun increasing their fuel surcharges in response to the fuel hikes.<\/p>\n “One should really be worried about higher diesel prices,” he said in a note published by CNBC.<\/p>\n President Donald Trump<\/a> this week put pressure<\/a> on other nations that rely on oil shipped through the Strait of Hormuz to join a coalition to police the transit route and reopen traffic.<\/p>\n Speaking aboard Air Force One<\/a> on Sunday, Trump said the United States doesn’t need to be involved in reopening the Strait of Hormuz because little of its oil passes through the waterway. About 7% of the United States’ crude oil and condensate imports passed through the strait in the first half of last year, the U.S. Energy Information Administration said.<\/p>\n He said the United States was protecting it “almost like we do it for habit” and to help “some very good allies that we have in the Middle East.”\n<\/p>\n Patrick De Haan, head of petroleum analysis at GasBuddy, said Monday, “until we see a meaningful resumption of oil flows through the Strait of Hormuz, upward pressure on fuel prices is likely to persist.”<\/p>\n \t\t\t \t\t Iranians attend a funeral for a person killed in recent U.S.-Israel airstrikes at Behesht-e Zahra cemetery on the southern outskirts of Tehran in Iran on March 9, 2026. Photo by Hossein Esmaeili\/UPI | License Photo<\/a>\t\t \t\t<\/p>\n","protected":false},"excerpt":{"rendered":"March 17 (UPI) — U.S. gasoline prices have surged by 27% and diesel by 34% since the start…\n","protected":false},"author":2,"featured_media":344396,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[62908,16097,55663,114,54,1435,85,46,38,4374],"class_list":["post-344395","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-air-force-one","tag-ayatollah-ali-khamenei","tag-brent-crude","tag-business","tag-donald-trump","tag-energy","tag-il","tag-israel","tag-top-stories","tag-u-s"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/344395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=344395"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/344395\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/344396"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=344395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=344395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=344395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/03\/Iran-Funerals-held-for-those-killed-in-airstrikes_1_1.jpg\")
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