Financial Ports

Persian Gulf oil surge slashes diesel prices: How low can they go?

CLAVE 1 / 414.7 cents per gallon drop in retail diesel prices—the first decline in four weeks.

CLAVE 2 / 4Persian Gulf crude flows approach pre-war levels, easing global supply concerns.

CLAVE 3 / 4Ultra low sulfur diesel (ULSD) settles at $4.6847/gallon after recent high of $5.262.

CLAVE 4 / 4Iran’s oil exports remain blocked, but other Gulf nations ramp up production.

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