U.S.-Iran war, Hormuz crisis and energy shock

The war and shipping crisis continue to drive near-record U.S. diesel prices, with oil near $100 and Saudi Aramco warning that replacing lost supply could take two years. The administration has opened tax-exempt red-dyed diesel to all drivers, while possible reserve releases, Houthi and Saudi operations, tanker threats, sanctions warnings and proposed NATO deployments preserve major escalation and economic risks.