Global Oil Prices Rise Amid US-Israeli War and Supply Disruptions
Global oil prices have opened higher and are projected to significantly increase, driving up fuel costs worldwide. The surge is partly fueled by the ongoing US-Israeli war with Iran, which continues to disrupt supply and has prompted governments like Seoul to offer public transit refunds.
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US-Iran conflict: Middle East war sends US fuel prices soaring, surcharges kick in
Escalating Middle East tensions are driving up fuel costs in the US, impacting daily life and business operations. Petrol prices have surged over a dollar, with diesel seeing an even steeper increase, prompting companies like Amazon and airlines to implement surcharges. Experts warn of broader economic repercussions and consumer price hikes as supply chain pressures mount.
By TOI BUSINESS DESK
Read full article →Oil prices open higher as US-Israeli war with Iran continues to disrupt supply
Read full article →Fuel costs drive food inflation as Lagos traders, shoppers struggle
Alhaji Abiodun Kosoko has blamed rising fuel prices for surging food costs, warning that transport expenses are squeezing traders and deepening hardship for consumers across Lagos. The post Fuel costs drive food inflation as Lagos traders, shoppers struggle appeared first on Vanguard News.
By Akinbayo Wahab
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