July 16, 2026 8:44 am, EDT A driver fills up with diesel at a Chevron truck stop in Tracy, California. (David Paul Morris/Bloomberg) key takeaways: US diesel prices rose above $5 a gallon as fuel market tensions increased due to renewed US-Iran hostilities and fuel supply concerns. Diesel prices have risen by nearly a third
July 16, 2026 8:17 am, EDT An oil facility on Kharg Island, Iran. (Atta Kenare/AFP/Getty Images/Bloomberg) key takeaways: Oil prices remain high as the US escalates attacks against Iran. Iran targeted Kuwait and Bahrain with missile and drone attacks. World stocks mostly fell. HONG KONG – Stocks around the world mostly fell on 16 July
July 15, 2026 9:20 am, EDT Jeep vehicles are parked outside the Jefferson North Assembly Plant in Detroit. (Carlos Osorio/AP/File) key takeaways: US wholesale inflation fell 0.3% in June, the biggest monthly decline since April 2025, as gasoline prices fell 12% and food prices also declined. The report matters because annual producer inflation slowed to
July 15, 2026 9:46 am, EDT ID. Available for cross order. (Volkswagen AG) key takeaways: Volkswagen launches the ID. The Cross electric subcompact SUV, starting from around 28,000 euros in Europe, is expanding its lineup of low-cost EVs. Strong EV demand, government subsidies and higher fuel prices helped plug-in vehicle sales grow 29% and registrations
July 15, 2026 8:18 am, EDT The ships anchored in Oman near the Strait of Hormuz in June. (AFP/Getty Images via Bloomberg) key takeaways: Oil prices rose as Iran threatened to block Middle East energy exports. President Donald Trump announced on July 13 that the US blockade of Iranian ports had been resumed as an
July 14, 2026 8:20 am, EDT | Update: July 14, 2026 10:04 am, EDT Golden Violet tanker arrives at PT Pertamina facility at Tanjung Priok port in Jakarta, Indonesia. (Dimas Ardian/Bloomberg) key takeaways: Oil prices rose on July 14 as fighting intensified in the Middle East. Uncertainty over the future stability of supplies has deepened
July 14, 2026 8:44 am, EDT key takeaways: The Labor Department said on July 14 that US inflation eased in June as prices fell 0.4% from May and annual inflation eased to 3.5%. The decline was led by a decline in gas, clothing and used car prices, while rising oil prices due to US-Iran tensions
Three boys play in the shallow waters of the Strait of Hormuz near Bandar Abbas, Iran, on July 13, as a plume of smoke rises from an explosion in the background. (Razieh Paudat/ISNA via AP) July 13, 2026 7:53 am, EDT | Update: July 13, 2026 11:26 am, EDT key takeaways: Oil prices surged and
Premium gas prices saw sales decline by 5% through June 2026. The reason for this is the increased fuel prices due to the US-Iran conflict. Buyers of luxury and performance cars opted for regular fuel to save money. According to , the average cost of a gallon of gas is slowly declining, falling below the
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