Trump's Tempest in a Teapot: A Short but Brutal History of US Iran Escalations The recent uptick in tensions between the United States and Iran, coupled with President Donald Trump's assertion that any renewed strikes will be "short lived," has sent shockwaves through global markets.
This escalation is a stark reminder of the enduring fragility of global oil markets, where even minor disruptions can have far reaching consequences.
US retail diesel prices have reached their highest point since mid 2022, a sobering reality for American consumers who may think these conflicts are distant and abstract threats.