Diesel prices rise above $6 per gallon for first time ever in U.S.
The price of diesel in America on Friday surged to $6.06 per gallon, a first-time high that indicates the impact of the monthslong U.S.-Iran conflict just as oil price also reached $110 per gallon.
A report that the Houthi militia had overtaken a port on the Red Sea increased fears that the war was expanding and impacting another critical shipping route.
The fear cause a surge in oil prices with Brent crude, the global oil benchmark, reaching $110 per barrel before easing to $106.
West Texas Intermediate crude, the U.S. oil benchmark, traded lower at about $101 a barrel.
U.S. and Israel decapitated Iran on February 28 and the war has dragged on for over six months with no end in view.
Negotiations between Washington and Tehran to reopen the Strait of Hormuz, a critical passageway for one-fifth of the hlobal oil supply, collapsed with both nations renewing attacks.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Abuja
FCTA inaugurates task force to reduce maternal mortality
The FCT mandate secretary, Dr Dolapo Fasawe, said the task force would remain operational as long as women continued giving birth in the territory.
Politics
Makoda council empowers 100 women with ₦5 million start-up capital
Makoda council area in Kano has given ₦50,000 start-up capital each to 100 women to support their small businesses and improve their livelihoods.
World
UN chief says 9/11 attacks assault on humanity, calls for global fight against terrorism
“The UN continues to stand in solidarity with the people of New York City, the U.S., and with all those whose lives were affected by the attacks,” he said.
Agriculture
Borno women farmers seek support to boost earnings
Women farmers in Borno State urged state and local authorities to invest in value-added agriculture to strengthen livelihoods.
Rights
NHRC seeks transparent investigation into killing of Danshagamu
NHRC on Friday called for a prompt, thorough, impartial and transparent investigation into the killing of Ibrahim Danshagamu, a Kano-based public commentator.
States
Navy arrests three suspected drug traffickers on River Niger
Three suspected drug traffickers were arrested, and 71kg of substance suspected to be cannabis was intercepted during a riverine patrol.
