US EditionUS-Iran Conflict Disrupts Local Farms Through Fuel Prices
4 Articles
4 Articles
Fuel escalator essential as Iran war hits diesel prices
Fleet operators who do not have fuel surcharge systems built into their contracts are taking an ‘incredible’ gamble as diesel prices rise sharply during the escalating Iran conflict, writes Tim Wallace. Haulage firms that already include fuel escalator clauses in their customer agreements say they are largely protected from the worst price swings because increases in wholesale fuel costs are automatically reflected in the rates they charge. Howe…
The conflict between the US, Israel, and Iran has caused Brent crude oil prices to rise. This increase in Brent oil has created expectations of fuel price hikes. Macquarie strategist Vikas Dwivedi stated, "A few weeks of closure in the Strait of Hormuz could create a domino effect that could push oil prices above $150." A temporary sliding scale system was implemented to prevent increases in fuel prices due to geopolitical developments. So, are …
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