• Home
  • Technology
  • Gaming
  • Entertainment
  • World & Business
  • Science
  • Sports
  • AI
HomeTechnologyGamingEntertainmentWorld & BusinessScienceSportsAI
World & Business

Gasoline and diesel prices predicted to jump after Saudi pipeline attacks

The Washington Post reports that attacks on Saudi Arabia’s East-West pipeline threaten to turn a shipping crisis into a broader oil disruption.

TW
TH
2 Sources, 14d ago, first seen 14d ago

TLDR

The Washington Post reports that analysts predict huge jumps in gasoline and diesel prices as the Iran war’s effects intensify. Attacks on Saudi Arabia’s East-West pipeline threaten to broaden the disruption beyond shipping, the paper says. It also describes forecasts of economic impacts lasting beyond November’s midterms, contrasting with the Trump administration’s optimistic messaging.

Combined views

222.4K

2 Sources, first seen 14d ago

3.9K likes96 comments384 saves787 reposts
Featured Source

Combined views

222.4K

2 Sources, first seen 14d ago

3.9K likes96 comments384 saves787 reposts

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

Sentiment

Positive——Negative

Summary

Not enough discussion yet.

No sentiment analysis available yet.

2 Sources

@washingtonpostThe impacts of the Iran war will intensify in the form of huge jumps in the prices of gasoline and diesel, analysts predict. Attacks on Saudi Arabia’s East-West pipeline threaten to elevate what had been a shipping crisis into a broader disruption of oil. https://wapo.st/4h8fhvn
@HormuzLetterOn February 27, the day before the war began, US oil was at $66, US diesel at $3.76 a gallon, the diesel crack spread near $42, and markets were pricing three Fed rate cuts for 2026. Today US oil is above $102, US diesel at a record $6.31, the crack at an all-time high of $111, and the Fed has raised rates for the first time since 2023 on a unanimous vote, with one more hike in the dots and the ECB two hikes in. Saudi crude to Europe is cancelled through October, the East-West pipeline is shut, and Hormuz is closed. The cutting cycle markets priced in February has now turned into a hiking cycle, and rate cuts are off the table with oil above $100 and 3.4% inflation.
    • HomeTechnologyGamingEntertainmentWorld & BusinessScienceSportsAI
    • Home
    • Technology
    • Gaming
    • Entertainment
    • World & Business
    • Science
    • Sports
    • AI

    2 Sources

    @washingtonpostThe impacts of the Iran war will intensify in the form of huge jumps in the prices of gasoline and diesel, analysts predict. Attacks on Saudi Arabia’s East-West pipeline threaten to elevate what had been a shipping crisis into a broader disruption of oil. https://wapo.st/4h8fhvn
    @HormuzLetterOn February 27, the day before the war began, US oil was at $66, US diesel at $3.76 a gallon, the diesel crack spread near $42, and markets were pricing three Fed rate cuts for 2026. Today US oil is above $102, US diesel at a record $6.31, the crack at an all-time high of $111, and the Fed has raised rates for the first time since 2023 on a unanimous vote, with one more hike in the dots and the ECB two hikes in. Saudi crude to Europe is cancelled through October, the East-West pipeline is shut, and Hormuz is closed. The cutting cycle markets priced in February has now turned into a hiking cycle, and rate cuts are off the table with oil above $100 and 3.4% inflation.
    Today's Rank

    —

    Not ranked yet

    Today's Rank

    —

    Not ranked yet