https://www.live-feeds.com/feed/oil-jumps-for-fourth-straight-day-and-diesel-nears-record-highContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-jumps-for-fourth-straight-day-and-diesel-nears-record-highhttps://www.live-feeds.com/feed/oil-jumps-for-fourth-straight-day-and-diesel-nears-record-high#u62017Tue, 08 Sep 2026 23:57:30 +0000Oil prices reached their highest levels since July 24 on Monday, September 7, 2026, following threats from Iran to attack Middle East energy infrastructure if the US continues strikes on Iranian assets. Brent crude settled at US$97.31 a barrel, while US West Texas Intermediate traded at US$92.65. Diesel prices have reached a record high as the conflict persists. Gulf producers are currently rerouting shipments around the Strait of Hormuz to maintain exports, with Kuwait's crude exports reaching approximately 1 million barrels per day.Why it mattersThe surge follows a period where US gas p https://www.live-feeds.com/feed/oil-jumps-for-fourth-straight-day-and-diesel-nears-record-highhttps://www.live-feeds.com/feed/oil-jumps-for-fourth-straight-day-and-diesel-nears-record-high#u59868Mon, 07 Sep 2026 11:50:29 +0000Gas prices in the United States reached a record high for Labor Day weekend, averaging $4.14 per gallon due to the ongoing war involving Iran and refinery issues. This figure is nearly a dollar higher than the previous year and surpasses the prior record of $3.82 set in 2012. Oil prices have climbed for the fourth consecutive day amid escalating tensions between the United States and Iran, though overall prices remain mixed as investors weigh geopolitical risks against the possibility of a Russia-Ukraine peace deal.Why it mattersEnergy markets face severe upward pressure from ongoing Middle Ea https://www.live-feeds.com/feed/oil-jumps-for-fourth-straight-day-and-diesel-nears-record-highhttps://www.live-feeds.com/feed/oil-jumps-for-fourth-straight-day-and-diesel-nears-record-high#u58646Sun, 06 Sep 2026 01:37:21 +0000Oil prices have risen for the fourth consecutive day as tensions escalate between the US and Iran. Diesel prices are nearing a record high. The ongoing conflict in the Middle East and US sanctions on Iran are driving the price increase. Oil prices are mixed as investors weigh the risks of war and the possibility of a Russia-Ukraine peace deal.Why it mattersThe conflict between the US and Iran has been intensifying, with Iran firing missiles at Kuwait and Israel issuing a stark warning. The US has been pressing Iran sanctions, which have contributed to the rise in oil prices. The situation in t