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“Far beyond Maine’s rocky coastline, tensions involving the US, Iran, Russia and Ukraine have helped drive up global diesel prices, which hit record highs in September.”

“That’s because key refineries that produce it have been knocked offline or destroyed, both in Eastern Europe — where the Ukraine-Russia war still rages — and in the Middle East.”

“The figure outstripped the previous high that followed Russia’s full-scale invasion of Ukraine in 2022.”

“The gap with France had fallen in the previous three years to reach £18 a MWh last year, although it remains below the £153 reached in 2022 when Russia’s invasion of Ukraine caused a crisis in the global gas market.”

“With diesel prices remaining solidly above $6 per gallon so far in October, and with no sign that the Iran war is near an end or that attacks on energy assets in the Ukraine-Russia war will be paused, it could keep fueling overall inflation for months.”

“War-driven price rises Prices for precious metals actually began rising with Russia’s invasion of Ukraine back in early 2022, but economists say prices surged significantly with the US and Israeli attacks on Iran.”

“In 2022, LNG prices hit unprecedented highs following Russia’s invasion of Ukraine.”

“After the 2023 freezing of Russia’s dollar-denominated offshore reserves in the wake of its invasion of Ukraine, China’s central bank has, along with other central banks, increasingly shifted its reserves out of the US Treasuries market and into gold.”

“(February 18, 2025) War, particularly Russia’s invasion of Ukraine, had been a key factor in the oil price surge that contributed to the interest rate rises of 2022 and 2023.”

“The average cost of a litre of diesel last night was 198.89p, a fraction below the high in the aftermath of Russia's invasion of Ukraine in 2022.”

“Petrol prices rose to an average of 161.3p per litre between July and August, according to the Office for National Statistics (ONS), the highest level recorded since November 2022, when Russia's invasion of Ukraine pushed up global energy costs.”

“The conflicts in the Middle East and Ukraine have crimped the global fuel supply chain and sent prices soaring.”

“Canadian farmers are working to get their crops off their fields against a particularly stormy backdrop this year, as conflict upends global supply chains and the U.S. administration throws a once rock-solid cross-border trading relationship into disarray.”

“The first two horsemen of this “apocalypse” – conquest, war, famine and death in the Book of Revelation – are the twin wars in Iran and Ukraine, both acts of aggression by atavistic old men who fatally misread their own strength.”

“The fuel hit this price in June 2022 in the wake of Russia’s invasion of Ukraine.”

“The new record for the national average price, according to the American Automobile Association (AAA), was set on Friday, surpassing the previous peak that was recorded in June 2022 after Russia invaded Ukraine.”

“- Published Profits at BP have surged to the highest since 2022 after the war in the Middle East pushed up oil prices.”