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Breaking : US Diesel Hits Record $6.43 Amid Strait of Hormuz Crisis and Russia-Ukraine War US diesel prices have hit a new all-time high, reaching an average of $6.43 per gallon on Friday, according to GasBuddy . The historic surge comes from two major supply shocks: continued disruption in the Strait of Hormuz after the US-Israeli attack on Iran in February, and intensified Ukrainian strikes on Russian oil facilities . The Strait of Hormuz, which handles about 20% of the world's oil, has seen tanker traffic collapse from 120 vessels per day to just 4 per day, according to Kpler data . Gulf diesel exports have fallen to 390,000 barrels per day - just a quarter of pre-war levels. Regular gasoline has also jumped to $4.47 per gallon, up $1.53 since the war with Iran began. Brent crude remains above $100, trading around $103 per barrel. The impact goes beyond the pump. Diesel powers trucks, farms, and heavy industry, so higher prices will raise costs for food, travel, and shipp...