David Goldwyn, a former U.S. State Department energy envoy, has highlighted the impact of the Iran conflict on U.S. gasoline and diesel prices. According to the latest data from the Energy Information Administration, gasoline stands at $4.071 per gallon and diesel at $5.599 per gallon, near historical highs. Geopolitical tensions in the Middle East are disrupting supply chains, fueling concerns about potential oil supply disruptions. Market probabilities for crude oil reaching a new all-time high have risen to 1.4% YES by September 30 and remain at 10% YES by December 31.
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