JUST IN: US diesel prices have hit a record high of $5.94 per gallon.
They could continue to rise, with oil prices climbing above $100 per barrel today.
— Quiver Quantitative (@QuiverQuant) September 9, 2026
BREAKING: US oil prices surge above $100/barrel for the first time since May 21st.
This comes as Yemen's Houthis have seized Yemen’s port city of Mocha and are moving toward the Bab el-Mandeb Strait.
US oil prices are officially up +50% since July 2nd. pic.twitter.com/yH6scHwiPZ
— The Kobeissi Letter (@KobeissiLetter) September 10, 2026
The energy crisis is quickly turning into a food crisis
– The US is the largest food exporter
– 70% of US farmers say they can’t afford the fertilizer they need
– Key inputs (fertilizer + diesel) up ~50%
– China, the largest fertilizer exporter… banned exportsSynthetic… pic.twitter.com/MFQei3n8bL
— Lukas Ekwueme (@ekwufinance) May 8, 2026
U.S. crude oil prices surged past $100 per barrel on Thursday, the highest level in more than three months as fighting has sharply escalated between Washington and Tehran this week.
West Texas Intermediate futures gained 6.7% to close at $102.48 per barrel. Brent crude, the international benchmark, last traded about 6% higher to $107.21 per barrel.
Oil prices have advanced more than 18% in September as the market braces for a prolonged war in the Middle East.
Top White House advisors have discussed with President Donald Trump the possibility that the Iran war could drag on past Inauguration Day in January 2029, U.S. officials told The Wall Street Journal.
The report contradicts Trump’s claim Wednesday that the war would end immediately after the midterm elections. He has asserted for months the conflict was drawing to a close, only for fighting to escalate.
https://www.cnbc.com/2026/09/10/iran-us-oil-hormuz-supply-trump-military-brent-wti.html