US diesel prices surge 70% amid Iran war: Can Trump-Putin deal bring relief to truckers and stop grocery prices from rising?

Economic Times - Oct 10, 2026

Diesel prices impact on trucking: US diesel prices have surged 70% since the US-Israeli war with Iran began, putting growing pressure on truckers, farmers and businesses. Despite President Donald Trump's efforts to boost fuel supplies, rising costs threaten to increase trucking expenses and push up prices for groceries, deliveries and other everyday goods.

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