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$5 Diesel Means A 35% Jump In Prices For US Consumers

$5 Diesel Means A 35% Jump In Prices For US Consumers While US gasoline prices have risen substantially since the start of the Iran war (although RBOB futures suggest there is much more upside should oil prices remain around $100), the average price of diesel has already soared above $5 per gallon in the US, the highest since 2022, and pushing up supply chain costs and setting the stage for broader inflation for consumers. The price spike is increasing costs for farmers, truckers and construction firms. With diesel at $5 per gallon,...
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Jul 1, 2026 / Tyler Durden
20-Year Old US Citizen Charged In Israel With Spying For Iran
20-Year Old US Citizen Charged In Israel With Spying For Iran Via The Cradle A 20-year-old US citizen living in Jerusalem is set to be charged with spying for Iran, according a police statement issued Tuesday, ahead of the individual’s indictment.  The US citizen was detained by Israeli authorities on June 9, but the case is only this week being revealed. Israel's police say he maintained contact with an Iranian intelligence-linked handler. According to the police, he captured photographs and videos of "sensitive" Israeli sites. Getty Images The statement also claimed he received "dozens to hundreds"...
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Apr 30, 2026 / Tyler Durden
Massive Lithium Lode In Appalachia Could Power 130 Million EVs: USGS
Massive Lithium Lode In Appalachia Could Power 130 Million EVs: USGS America's worrisome dependency on foreign sources of lithium could become a thing of the past: About 328 years' worth of last year's lithium imports is buried in Appalachia, according to a new analysis published by the US Geological Survey (USGS). That's about 2.3 million metric tons of undiscovered but economically recoverable lithium -- aka "white gold."   “This research shows that the Appalachians contain enough lithium to help meet the nation’s growing needs – a major contribution to U.S. mineral security,...
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Apr 23, 2026 / Tyler Durden
UK, France Lead 30-Nation Military Push To Reopen Strait Of Hormuz
UK, France Lead 30-Nation Military Push To Reopen Strait Of Hormuz Submitted by Michael Kern of OilPrice.com, The UK is hosting (yesterday and today) a two-day multinational conference convening military planners from more than 30 countries as Britain and France renew efforts to re-open the Strait of Hormuz. The two-day conference takes place just after U.S. President Donald Trump late on Tuesday extended the U.S.-Iran ceasefire until negotiations with Iran conclude “one way or the other.” President Trump has also ordered that the U.S. blockade at the Strait of Hormuz remains in place. Hopes...
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