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Iran war

The US and Israel have been at war with Iran since February. Here is what it means for oil, gas prices and the world.

Live updates

  1. Trump says the US will not attack Iran again before the 3 November midterm elections. The blockade of Iran's ports stays.

  2. Iran hits two tankers outside the Strait of Hormuz in 24 hours. Brent oil jumps above $105 a barrel.

World

Three oil shocks at once: Why diesel, not petrol, is the real crisis

Two sea routes are shut, tankers cost 40 times more to hire and drones have knocked out refineries from Russia to the Gulf. One analyst's breakdown shows why diesel, the fuel that moves food, builds houses and keeps planes flying, has been hit far harder than oil itself, and what that means for your shopping, your flights and your taxi fare.

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