💨 Abstract

Oil prices have fluctuated since the U.S. attack on Iran's nuclear facilities, currently trading below $74 a barrel. Analysts expect temporary price increases unless the conflict escalates. Key concerns include potential disruptions to Iranian oil production and the closure of the Strait of Hormuz. Diesel prices are rising due to high demand and refining costs, which could impact transportation and other industries. Despite recent events, gasoline prices remain lower than last year.

Courtesy: Dan Ronan