The Gaslighting of Hannah Pettey
When a young woman nearly dies from poisoning, investigators focus on the two people she trusted the most. "48 Hours" correspondent Anne-Ma…
Bearish
-55.0
What's Happening
U.S. diesel prices have reached an all-time high of $6 per gallon, driven by supply disruptions stemming from the Ukraine and Iran conflicts. Oil prices remain elevated above $108 per barrel as Middle East tensions escalate, with markets pricing in further geopolitical risk.
Market Impact
The energy shock is triggering broad equity selloffs—U.S. stock indexes declined Thursday as rising bond yields compound concerns. Diesel's record pricing directly pressures transportation and logistics costs, threatening margin compression across supply chains and potentially reigniting inflation expectations heading into Friday's CPI report.
Broader Implications
Sustained energy price elevation could force the Federal Reserve to maintain hawkish policy longer, complicating rate-cut expectations. The dual shock from Ukraine and Iran demonstrates how regional conflicts now have immediate, measurable impact on U.S. consumer and business costs.
